California Based Aircraft in Excess of 35 Years Old Exempt from Property Tax!

Here's some good news for California based aircraft owners:

AOPA GETS HISTORICAL AIRCRAFT CLARIFICATION FROM BOE
At the request of AOPA, the California Board of Equalization (BOE)
has clarified recent changes to the property tax exemption for
historical aircraft. This exemption is available to an original,
restored, or replica aircraft that is 35 years or older. The
confusion arose from changes that went into effect on January 1,
requiring aircraft owners to submit certificates of attendance
from events where the aircraft were on display. Now, in a letter
to assessors, the BOE recommends waiving the requirement for 2004.
Download the letter
( http://www.boe.ca.gov/proptaxes/pdf/lta04012.pdf ).

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