Cal. Rev. & Tax. Code § 1151

Current through the 2023 Legislative Session.

Section 1151 - Certificated aircraft deemed to be situated in state

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.

Ca. Rev. and Tax. Code § 1151

Added by Stats. 1968, Ch. 1306.