California Revenue and Taxation Code 220 – Any aircraft which is in California on the lien date solely for the …
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Any aircraft which is in California on the lien date solely for the purpose of being repaired, overhauled, modified, or serviced is exempt from personal property taxation. This exemption does not apply to aircraft normally based in California, or operated intrastate or interstate in and into California.
(Amended by Stats. 1966, 1st Ex. Sess., Ch. 147.)
Terms Used In California Revenue and Taxation Code 220
- Lien: A claim against real or personal property in satisfaction of a debt.
- Personal property: All property that is not real property.