Texas Tax Code 163.001 – Certificated or Licensed Carriers
Current as of: 2024 | Check for updates
|
Other versions
(a) For purposes of Chapter 151, “certificated or licensed carrier” means a person authorized by the Federal Aviation Administration to operate an aircraft to transport persons or property in compliance with the certification and operations specifications requirements of 14 C.F.R. part 121, 125, 133, or 135.
(b) § 151.328(a)(1) applies with respect to a certificated carrier’s acquisition of an aircraft, without regard to whether the certificated carrier acquired the aircraft by purchase, lease, or rental.
Terms Used In Texas Tax Code 163.001
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005