California Revenue and Taxation Code

§ 220.5

RTC § 220.5 Effective Jan 1, 2005Div. 1 · Part 2 · Ch. 1 · Art. 1

(a)Aircraft of historical significance shall be exempt from taxation.

(b)The exemption provided in subdivision (a) applies only if all of the following conditions are satisfied:

(1)The assessee is an individual owner who does not hold the aircraft primarily for purposes of sale.

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Legislative history

Amended by Stats. 2004, Ch. 200, Sec. 5. Effective January 1, 2005.