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410 40 <br />(IV) In addition to the exemptions provided <br />in Sections 6366 and 6366.1 of the Revenue and <br />Taxation Code, the storage, use, or other consumption <br />of tangible personal property purchased by operators <br />of aircraft and used or consumed by such operators <br />directly and exclusively in the use of such aircraft <br />as common carriers of persons or property for hire or <br />compensation under a certificate of public convenience <br />and necessity issued pursuant to the laws of this state, <br />the United States, or any foreign government. <br />Section 4. Section 3.6-07 is added to said Chapter 6 to read: <br />Section 3-6.07. APPLICATION OF PROVISIONS RELATING TO <br />EXCLUSIONS AND EXEMPTIONS. <br />(a) Sections 3-6.04(b)(4.5) and 3-6.05(b)(3.5) <br />of this Chapter shall become operative on January 1st <br />of the year following the year in which the State Board <br />of Equalization adopts an assessment ratio for state - <br />assessed property which is identical to the ratio which <br />is required for local assessments by Section 401 of the <br />Revenue and Taxation Code, at which time Sections 3-6.04 <br />(b)(4) and 3-6.05(b)(3) of this Chapter shall become <br />inoperative. <br />(b) In the event that Sections 3-6.04(b)(4.5) and <br />3-6.05(b)(3.5) of this Chapter become operative and the <br />State Board of Equalization subsequently adopts an assess- <br />ment ratio for state -assessed property which is higher <br />Q:D <br />