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19 chapters · 1,201 sections in this title.
O.C.G.A. § 48-5-540 Definitions
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As used in this article, the term: (1) “Operated,” “operating,” or “operation” means landings or takeoffs of aircraft by any airline company. (2) “Plane hours” means, for each type and model of aircraft, all hours in flight and all hours on the ground including, but not limited to…
O.C.G.A. § 48-5-541 Property tax return on airline flight equipment; penalties
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(a) Each airline company operating in this state shall make an annual property tax return of its flight equipment to the commissioner on or before March 1 in each year for the preceding calendar year. Each type and model of flight equipment shall be separately returned, valued, and…
O.C.G.A. § 48-5-542 Review of returns by commissioner; valuation of aircraft in same manner as other personal property
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The commissioner shall scrutinize carefully each return made to him and, if in his judgment it is necessary, he shall in arriving at a proposed assessment adjust, equalize, and apportion the valuation of all aircraft of each airline company of any type or model operated in this s…
O.C.G.A. § 48-5-543 Method of valuation of aircraft; apportionment among tax jurisdictions based on plane hours
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The valuation of aircraft apportioned to this state shall be, for each type and model of aircraft, that portion of the total valuation of each type or model of aircraft as the ratio of plane hours in this state bears to the total system plane hours for each type and model of airc…