Sec. 12-550. Limitation periods.

   (a)   Except as provided elsewhere in this Chapter, deficiency assessments for the taxes imposed by this Chapter must be issued within the limitation periods prescribed in A.R.S. § 42-1104, and must meet the provisions of A.R.S. § 42-1108.

   (b)   (Reserved)

   (c)   In cases of failure to file a return or a false or fraudulent return, the limitation period shall be as prescribed in A.R.S. § 42-1109.

   (d)   Special provisions relating to owner-builders. The limitation for an owner-builder subject to the tax as prescribed in Section 12-417 shall be based upon the date such tax liability is reportable or was reported, as provided in Section 12-417.