SECTIONS 5391-5392 - California Statutes

REVENUE AND TAXATION CODE

SECTION 5391-5392

5391. For the 1980-81 fiscal year and each fiscal year thereafter,
aircraft subject to this part shall be taxed at the same rate and in
the same manner as all other personal property. Aircraft which are
considered business inventories, within the meaning of Section 129 of
the Revenue and Taxation Code, shall be included in the inventory
exemption.

5392. The tax on aircraft subject to this part shall be collected
in the same manner as all other personal property.