Ariz. Admin. Code § 15-5-1609
Current through Register Vol. 30, No. 24, June 14, 2024
When a department store enters into an agreement with a licensee to provide space within the store which does not give the licensee exclusive right to any specific area within the store, the income from such an agreement is not subject to tax. The transaction is deemed to be a licensee agreement rather than the subleasing of real property.
Ariz. Admin. Code § R15-5-1609