Sec. 14-266. Exclusion of motor carrier revenues from gross income.
There shall be excluded from gross income the gross proceeds of sale or gross income derived from any of the following:
a. A motor carrier’s use on the public highways in this State if the motor carrier is subject to a fee prescribed in A.R.S. Title 28, Chapter 15, Article 4 or A.R.S. Title 28, Chapter 16, Article 4.
b. Leasing, renting or licensing a motor vehicle subject to and upon which the fee has been paid under A.R.S. Title 28, Chapter 16, Article 4.
c. The sale of a motor vehicle and any repair and replacement parts and tangible personal property becoming a part of such motor vehicle, to a motor carrier who is subject to a fee prescribed in A.R.S. Title 28, Chapter 16, Article 4 and who is engaged in the business of leasing, renting or licensing such property.
d. For the purposes of these exclusions, "motor carrier" includes a motor vehicle weighing 26,000 pounds or more, a lightweight motor vehicle which weighs 12,001 pounds to 26,000 pounds and a light motor vehicle weighing 12,000 pounds or less, which pay the fee prescribed in A.R.S. Title 28, Chapter 15 or A.R.S. Title 28, Chapter 16 (Ord. No. G-3820, § 4; Ord. No. G-4043, § 1, 1997; Ord. No. G-4090, § 4, 1998; Ord. No. G-4838, § 3, 2006)