Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Revenue and Taxation Code

Property Taxation

Part 10. Aircraft Assessment and Taxation

CHAPTER 2. Exemptions

5331. Aircraft owned by United States or foreign government. Aircraft owned by the United States, by any foreign government, or by a consul or other official representative of any foreign government, are exempt from personal property taxation.

History.—Added by Stats. 1961, p. 3681, in effect September 15, 1961.

5332. Aircraft owned by this State or political subdivision. Aircraft owned by this State or by any county, city and county, city, district, political subdivision, public corporation or authority of this State are exempt from personal property taxation.

History.—Added by Stats. 1961, p. 3681, in effect September 15, 1961.