Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Rules
Title 18, Public Revenues California Code of Regulations
DIVISION 1. STATE BOARD OF EQUALIZATION—PROPERTY TAX
Chapter 2. Assessment (101–300)
Article 5. Situs (201–250)
Reference: Article 6, Chapter 5, Part 2, Division 1, Revenue and Taxation Code. Sections 443, 1019, Revenue and Taxation Code.
Aircraft components, repair and replacement parts, and supplies owned, claimed, possessed, controlled, or managed by an air carrier shall be assessed at the place where they are situated on the lien date. Items which have been moved temporarily to another location for processing or repair, such as radio equipment being serviced or an engine being overhauled, do not acquire another situs for taxation by reason of temporary removal from the place were they are habitually kept.
Components, parts, and supplies do not acquire more than one taxable situs, although individual items may be rotated between storage and operational use on various aircraft over a period of time.
History: Adopted February 9, 1967, effective February 14, 1967.
Amended January 8, 1969, effective February 12, 1969.