ARM 42.20.803. PROPERTY TAX REFUND FOR ENTITIES OWNING A RESIDENCE

(1) The property tax refund claimed by a tax paying entity that owned a residence for at least seven months during 2006 shall be issued to the person or persons that: (a) occupied the residence as their principal residence for at least seven months during 2006; and (b) owned 20% or more of the shares or other membership interests of the entity owning the residence.