Section 350-20-007 - AIRCRAFT ASSESSMENT007.01 Any air carrier engaged solely in intrastate transportation, whose flight equipment is based at only one airport within the state, shall be subject to taxation in the same manner as other locally assessed property. 007.01A The Property Tax Administrator pursuant to Property Valued by the State Regulations, Chapter 30, shall assess flight equipment of all air carriers, other than those locally assessed pursuant to this regulation.007.01B Aircraft situs is addressed in Reg-20-004.007.02 The owner, lessee, or manager of any aircraft hangar or land upon which is parked or located any aircraft shall file a report by February 1 of each year with the assessor in the county in which such aircraft hangar or land is located. The report shall be on a form prescribed by the Tax Commissioner and shall contain a list of all aircraft located in such hangar or on such land, as of January 1 of each year. 007.02A Any person violating the provisions of this section shall be guilty of a misdemeanor and shall, upon conviction thereof, be punished by a fine of not more than 50 dollars.350 Neb. Admin. Code, ch. 20, § 007