Revenue and Taxation Code - RTC
DIVISION 1. PROPERTY TAXATION [50 - 5911]
( Division 1 enacted by Stats. 1939, Ch. 154. ) PART 2. ASSESSMENT [201 - 1367]
( Part 2 enacted by Stats. 1939, Ch. 154. ) CHAPTER 5. Special Types of Property [982 - 1162]
( Chapter 5 enacted by Stats. 1939, Ch. 154. ) ARTICLE 6. Certificated Aircraft [1150 - 1157]
( Article 6 added by Stats. 1968, Ch. 1306. ) 1151.
Certificated aircraft shall be deemed to be situated in this state only to the extent that such aircraft are normally physically present within the state, whether in flight or on the ground. To determine such extent for purposes of property taxation, the allocation formula specified by Section 1152 shall be applied.
(Added by Stats. 1968, Ch. 1306.)