Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Property Tax Annotations


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A

100.0000 AIRCRAFT

Annotation 100.0025

100.0025 Repair Exemption. Revenue and Taxation Code section 220 provides an exemption for out-of-state aircraft that are brought into California "solely for the purpose of being repaired, overhauled, modified, or serviced." The Legislature's purpose was to encourage aircraft repair and maintenance facilities to locate in California and be in a competitive position to service out-of-state clients. The exemption includes a list of technical services sufficiently broad to cover a wide array of circumstances and without any time limitation and without disqualification if additional activities, such as storage, are also involved. The fact that the Legislature omitted such limitations indicates that a broader interpretation of the exemption is required. C 9/13/2001.