Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Property Tax Annotations


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A

100.0000 AIRCRAFT

Annotation 100.0015

100.0015 Exemption. Revenue and Taxation Code section 5303(b) does not provide a property tax exemption to those specified items of personal property excluded from the definition of "aircraft." Any airplane excluded from the definition of "aircraft" under section 5303(b)(2) necessarily falls within the definition of "certificated aircraft" under Revenue and Taxation Code section 1150. C 3/31/1999.