Arizona Joint Venture v. Arizona Department of Revenue

OPINION

TIMMER, Presiding Judge.

¶ 1 The Arizona Department of Revenue (“ADOR”) audited the records of Arizona Joint Venture and North Scottsdale Joint Venture (“taxpayers”) pertaining to their prime contracting transaction privilege tax liability for the periods September 1993 through July 1997 and December 1994 through August 1997, respectively (“the audit period”). ADOR accepted the taxpayers’ protests to the initial audit assessments and adjusted them accordingly, at the same time reducing certain land-value deductions that its initial audit had left undisturbed. The taxpayers disagreed…