The taxes that are levied on personal property that is periodically leased or rented from the inventory of retailers or wholesalers assessed pursuant to section 42-19005 shall be prorated by three hundred sixty-fifths to be determined by the number of days the property is leased or rented.
Proration of tax on property that is leased or rented from inventory
A.R.S. § 42-19103 — under Levy and Collection.
A.R.S. § 42-19103