OPINION
GEMMILL, Judge.
¶ 1 The issue in this corporate taxation case is whether certain income constitutes "business income" or "nonbusiness income" under Arizona Revised Statutes ("A.R.S.") section 43-1131. The definition of "business income" in A.R.S. § 43-1131(1) is set forth in two clauses. We hold that Arizona may tax corporate income as "business income" if the income satisfies either definitional clause. Because the tax court correctly...
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