California Revenue and Taxation Code ARTICLE 7 - Fractionally Owned Aircraft

• Section 1160.
  For purposes of this article, all of the following apply:(a) The following terms have the following meanings:(1) “Aircraft” has the same meaning as specified in Section 5303.(2) “Fleet”...
• Section 1161.
  (a) Notwithstanding any other law, fractionally owned aircraft that has situs in this state shall be assessed on a fleetwide basis to the manager in control...
• Section 1162.
  (a) On or before October 1, 2007, the Aircraft Advisory Subcommittee of the California Assessors’ Association may designate a lead county assessor’s office for each manager...

Last modified: October 22, 2018