Sec. ___-280.
Exclusion of transactions with specified governmental agencies.
Notwithstanding
provisions contained elsewhere in this Chapter, "gross income" derived
from transactions that would be deemed taxable, if conducted with
or for other customers or consumers, shall be deemed exempt from the
taxes imposed by this Chapter when the customer or consumer is:
(1) the Federal
Government.
(2) the State
of Arizona, its departments and agencies, including the State universities
maintained by the State Board of Regents; but not including State-chartered
or State-insured banks, savings and loan institutions, and credit
unions.
(3) any county
of this State, its departments and agencies, including, but not
limited to, public school districts.
(4) any other
incorporated city or town in this State.
(5) this City.)++
