Terms Used In Arizona Laws > Title 42 > Chapter 14 > Article 6 - Valuation and Taxation of Airline Companies

• Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
• Air commerce: means the scheduled transportation by aircraft of persons or property for hire in interstate, intrastate or international transportation. See Arizona Laws 42-14251
• Aircraft: means any device that is used or designed for navigation or flight through the air. See Arizona Laws 42-14251
• Aircraft time: means the number of minutes in the preceding calendar year in which flight property was in the possession of an airline company. See Arizona Laws 42-14251
• Airline company: means any person who directly or indirectly undertakes to engage in the business of scheduled air commerce. See Arizona Laws 42-14251
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Department: means the department of revenue. See Arizona Laws 42-1001
• Director: means the director of the department. See Arizona Laws 42-1001
• Due date: means the next business day if a due date of any report, claim, return, statement, payment, deposit, petition, notice or other document or filing falls on Saturday, Sunday or a legal holiday. See Arizona Laws 42-11001
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Executor: A male person named in a will to carry out the decedent
• Fiduciary: A trustee, executor, or administrator.
• Fleet type: means aircraft type and model. See Arizona Laws 42-14251
• Flight property: means all airline company aircraft of the types used in this state except aircraft that are permanently removed from operations. See Arizona Laws 42-14251
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• Lien: A claim against real or personal property in satisfaction of a debt.
• operated: means regularly scheduled aircraft landings or takeoffs. See Arizona Laws 42-14251
• Original cost: means the capitalized acquisition cost to the original purchaser from the manufacturer of airframes and engines plus substantial modifications. See Arizona Laws 42-14251
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: means any individual, corporation, firm, partnership, company or association and includes a guardian, trustee, executor, administrator, receiver or conservator or any person who acts in a fiduciary capacity. See Arizona Laws 42-14251
• Property: includes both real and personal property. See Arizona Laws 1-215
• Secondary property taxes: means :

  (a) Ad valorem taxes or special property assessments that are used to pay the principal of and the interest and redemption charges on bonded indebtedness or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality, county or taxing district. See Arizona Laws 42-11001

• Small flight property: means all airline company aircraft of the types that are used in this state, not permanently removed from operations, with a maximum passenger capacity of less than fifty-six seats and a maximum payload capacity of less than eighteen thousand pounds. See Arizona Laws 42-14251
• State ground time: means the number of minutes that flight property is considered to be on the ground in this state during the preceding calendar year and is computed by multiplying the number of departures of flight property in this state during the preceding calendar year by forty-five. See Arizona Laws 42-14251
• System ground time: means the number of minutes that flight property is on the ground systemwide during the preceding calendar year and is computed by subtracting the number of revenue and nonrevenue airborne minutes of all flight property during the preceding calendar year from aircraft time. See Arizona Laws 42-14251
• Trustee: A person or institution holding and administering property in trust.
• Valuation: means the full cash value or limited property value that is determined for real or personal property, as applicable. See Arizona Laws 42-11001
• Valuation year: means :

  (a) For real property and property valued by the department, the calendar year preceding the year in which the taxes are levied. See Arizona Laws 42-11001