11-6H-1 Short title
11-6H-2 Definitions
11-6H-3 Valuation of special aircraft property
11-6H-4 Initial determination by county assessor
11-6H-5 Protest and appeal
11-6H-6 Report on economic benefit
11-6H-7 Effective date

Terms Used In West Virginia Code > Chapter 11 > Article 6H - Valuation of Special Aircraft Property

  • Aircraft: means a weight-carrying structure for navigation of the air that is supported by the dynamic action of the air against its surfaces and includes, but is not limited to, an airplane or helicopter. See West Virginia Code 11-6H-2
  • Airplane: means a fixed-wing aircraft heavier than air that is driven by a propeller or by jet, turbojet, turbofan, ram jet, pulse jet, scramjet or rocket engine and supported by the dynamic reaction of air against its wings. See West Virginia Code 11-6H-2
  • Commissioner: means the State Tax Commissioner. See West Virginia Code 11-22-1
  • Helicopter: means an aircraft whose support in the air is derived chiefly from the aerodynamic forces acting on one or more rotors turning about on substantially vertical axes. See West Virginia Code 11-6H-2
  • in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
  • Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Salvage value: means the lower of fair market salvage value or five percent of the original cost of the property. See West Virginia Code 11-6H-2
  • Special aircraft property: means all aircraft owned or leased by commercial airlines or private carriers, or any parts, materials or items used in the construction, maintenance or repair of aircraft which are, or are intended to become, affixed to or a part of an aircraft or of an aircraft&rsquo. See West Virginia Code 11-6H-2
  • State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
  • Value: means in the case of any document not a gift, the amount of the full actual consideration for the document, paid or to be paid, including the amount of any lien or liens assumed. See West Virginia Code 11-22-1