Code Section Group

Revenue and Taxation Code - RTC

DIVISION 1. PROPERTY TAXATION [50 - 5911]

  ( Division 1 enacted by Stats. 1939, Ch. 154. )

PART 10. AIRCRAFT ASSESSMENT AND TAXATION [5301 - 5456]

  ( Part 10 added by Stats. 1961, Ch. 1703. )

CHAPTER 4. Levy [5391 - 5392]
  ( Chapter 4 added by Stats. 1961, Ch. 1703. )

5391.
  

For the 1980–81 fiscal year and each fiscal year thereafter, aircraft subject to this part shall be taxed at the same rate and in the same manner as all other personal property. Aircraft which are considered business inventories, within the meaning of Section 129 of the Revenue and Taxation Code, shall be included in the inventory exemption.

(Amended by Stats. 1980, Ch. 610, Sec. 3.5. Effective July 18, 1980.)

5392.
  

The tax on aircraft subject to this part shall be collected in the same manner as all other personal property.

(Amended by Stats. 1980, Ch. 610, Sec. 4. Effective July 18, 1980.)

RTCRevenue and Taxation Code - RTC