43-1201. Organizations exempt from tax (Caution: 1998 Prop. 105 applies) A. Except as otherwise provided in this chapter, the following organizations are exempt from the taxes imposed under this title: 1. Organizations that are exempt from federal income tax under section 501 of the internal revenue code. 2. Insurance companies that pay to this state a tax on premium income derived from sources within this state. B. Nonprofit medical marijuana dispensaries under title 36, chapter 28.1, are exempt from the taxes imposed under this title.
Arizona Legal Code
§ 43.1201
Source: https://www.azleg.gov/ars/43/01201.htm· Version 2026