42-14251. Definitions In this article, unless the context otherwise requires: 1. " Air commerce" means the scheduled transportation by aircraft of persons or property for hire in interstate, intrastate or international transportation. 2. " Aircraft" means any device that is used or designed for navigation or flight through the air. 3. " Aircraft time" means […]
42-14252. Annual determination of valuation The valuation of flight property and small flight property of airline companies operating in this state shall be determined annually by the department in the manner prescribed by this article.
42-14253. Annual report for purposes of determining valuation; failure to file; penalty; forfeiture of appeal rights A. On or before April 1 of each year each company that operates in air commerce in this state shall file a report with the department under oath stating specifically the information prescribed by the department to allow it […]
42-14254. Determination of value A. On or before August 31 the department shall determine the full cash value of all flight property that is operated in this state in air commerce by each airline company. The full cash value is the value determined as of January 1 of the valuation year. B. The department shall: […]
42-14255. Assessment, levy and collection of tax; limitation on small airline company tax A. The department shall annually: 1. Enter in its records the full cash value as determined under this article of the flight property of the airline companies in this state. 2. Assess the property as provided by sections 42-12005 and 42-15005. 3. […]
42-14256. Administrative review and appeal An airline company may apply for administrative review and appeal of any determination under this article pursuant to article 1 of this chapter.
42-14257. Debt; lien The tax imposed by this article: 1. Is a debt of the airline company. 2. May be collected by an action instituted and prosecuted by the attorney general on the director’s request. 3. Is a lien pursuant to section 42-17154 against the assessed flight property. 4. Is also a lien against all […]
