California Revenue and Taxation Code

§ 217.1

RTC § 217.1 Effective Jan 1, 2005Div. 1 · Part 2 · Ch. 1 · Art. 1

Statute text

(a)Except as provided in subdivision (d), the following articles of personal property that are made available for display in a publicly owned aerospace museum, or an aerospace museum that is regularly open to the public and that is operated by a nonprofit organization that qualifies for exemption pursuant to Section 23701d, shall be exempt from taxation:

(1)Aircraft that have been restored or maintained, whether currently certified or not for flight purposes.

(2)Aircraft donated in perpetuity to the aerospace museum.

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Legislative history

Amended by Stats. 2004, Ch. 200, Sec. 3. Effective January 1, 2005.