Revenue and Taxation Code section 1160

For purposes of this article, all of the following apply:

(a)

The following terms have the following meanings:

(1)

“Aircraft” has the same meaning as specified in Section 5303.

(2)

“Fleet” means all aircraft operated by a manager of a fractional ownership program.

(3)

“Fleet type” means aircraft classified by make, model, and series operated by a manager of a fractional ownership program.

(4)

“Fractionally owned aircraft” or “aircraft operated in fractional ownership programs” means those aircraft registered with the Federal Aviation Administration as fractionally owned aircraft.

(5)

“Landing” means physical contact involving the embarking or disembarking of crew, passengers, or freight, and that physical contact did not arise unintentionally as the result of an emergency.

(b)

Revenues derived from the taxation of fractionally owned aircraft under this article shall be distributed in accordance with Chapter 6 (commencing with Section 5451) of Part 10 of this division.

(c)

Fractionally owned aircraft shall be assessed under this article only if a lead county assessor accepts a designation as lead county assessor under Section 1162.

Source: Section 1160, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=1160.­ (updated Aug. 24, 2007; accessed Dec. 29, 2025).

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Verified:
Dec. 29, 2025

§ 1160's source at ca​.gov