Ariz. Rev. Stat. § 43-1127
Current through L. 2024, ch. 259
The amount of exploration expenses added to Arizona gross income pursuant to section 43-1121, paragraph 10 may be subtracted on a ratable basis as the units of produced ores or minerals discovered or explored by reason of such expenditures are sold. An election made for any taxable year shall be binding for that year.
A.R.S. § 43-1127