Bill Text: CA AB2622 | 2015-2016 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Property taxation: certificated aircraft assessment.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed - Dead) 2016-11-30 - Died on Senate inactive file. [AB2622 Detail]

Download: California-2015-AB2622-Introduced.html

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BILL NUMBER: AB 2622	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Nazarian
   (Coauthor: Assembly Member Ting)

                        FEBRUARY 19, 2016

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2622, as introduced, Nazarian. Property taxation: certificated
aircraft assessment.
   Existing property tax law requires the personal property of an air
carrier to be taxed at its fair market value, and the California
Constitution requires property subject to ad valorem property
taxation to be assessed in the county in which it is situated.
Existing law, for the 2005-06 fiscal year to the 2016-17 fiscal year,
inclusive, specifies a formula to determine the fair market value of
certificated aircraft of a commercial air carrier, and rebuttably
presumes that the amount determined pursuant to this formula is the
fair market value of the certificated aircraft. Existing law further
requires, until December 31, 2016, the Aircraft Advisory Subcommittee
of the California Assessors' Association to designate, after
soliciting input from commercial air carriers operating in the state,
a lead county assessor's office for each commercial air carrier
operating certificated aircraft in this state in an assessment year,
and requires the lead county assessor to calculate the value of the
air carrier's personal property and to transmit these calculations to
other county assessors, but specifies that each county assessor is
responsible for assessing and enrolling the taxable value of the
property in his or her county, as provided. Existing law also
requires, until December 31, 2016, the lead county assessor's office
to lead a team to audit the books and records of commercial air
carriers and authorizes these air carriers to file a property
statement solely with the lead county assessor's office, as provided.

   This bill would state the intent of the Legislature to enact
legislation amending the provisions regarding the assessment of
certificated aircraft described above.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to enact
legislation to amend Sections 401.17, 441, and 1153.5 of the Revenue
and Taxation Code, pertaining to the assessment of certificated
aircraft for property taxation.