Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Property Tax Annotations


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A

105.0000 AIRCRAFT OF HISTORICAL SIGNIFICANCE EXEMPTION

Annotation 105.0040

105.0040 General Transportation. To constitute general transportation, there must be flight from one place to another. The term "general transportation" includes noncommercial flight of the aircraft from one place to another, unless flight of the aircraft is for the sole purpose of transferring the aircraft from one location to another rather than the occupant. It does not, however, include maintenance-related flying or recreational flying if the flight originates and terminates at the same place with no intervening stop, or only a limited interim stop, at another place. LTA 12/20/2002 (No. 2002/090).