Determination of value of flight property

In making such assessment, which is in reference to value and ownership on February first of the year for which the assessment is made, the secretary of revenue shall determine the fair market value of that flight property actually providing service in this state.

Last amended: Source: SL 1961, ch 449 , § 7; SL 1978, ch 80 ; SL 1989, ch 87 , § 12; SL 1996, ch 77 , § 2; SL 1997, ch 61 , § 3; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1 ), § 161, eff. Apr. 12, 2011.

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In this chapter (18 sections)

10-29-1 · Definition of terms
10-29-2 · Department to assess flight property
10-29-3 · Annual report required of airline company--Date of…
10-29-4 · Additional information in annual report--Blanks furnished
10-29-5 · Extension of time for filing of report
10-29-6 · Valuation by department on failure of company to make…
10-29-7 · Examination of corporate books by secretary--Requiring…
10-29-8 · Annual assessment of flight property--Information…
10-29-9 · Determination of value of flight property
10-29-10 · Apportionment to state of total value of flight…
10-29-11 · Use of other methods of valuation and apportionment on…
10-29-12 · Notice to airline company of hearing--Equalization of…
10-29-13 · 10-29-13. Repealed by SL 1995, ch 56, § 3
10-29-14 · Application of average tax levy to assessed valuation of…
10-29-15 · Allocation of tax proceeds to airports
10-29-16 · Certification to county auditors of taxes assessed on flight…
10-29-17 · Collection of delinquent taxes
10-29-18 · Airline flight property tax in lieu of use tax

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