California Revenue and Taxation Code

§ 25101.3

RTC § 25101.3 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 17 · Art. 1

Statute text

The property factor as it relates to the aircraft of an air carrier or foreign air carrier, as defined in Section 1150, or the operator of an air taxi, as defined in Section 1154, shall be allocated on the basis of a formula consisting of time and arrivals and departures as follows:

(a)The time in state is the proportionate amount of time, both in the air and on the ground, that certificated aircraft have spent within the state during the taxable year as compared to the total time everywhere during the taxable year. This factor shall be multiplied by 75 percent.

(b)Arrivals and departures is the number of arrivals in and departures from airports within the state of certificated aircraft during the taxable year as compared to the total number of arrivals in and departures from airports both within this state and elsewhere during the taxable year. This factor shall be multiplied by 25 percent.

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Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 214. Effective January 1, 2001.