BILL ANALYSIS                                                                                                                                                                                                    





                                                                  AB 311

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          GOVERNOR'S VETO
          AB 311 (Ma)
          As Amended  September 2, 2009
          2/3 vote

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          |ASSEMBLY:  |60-4 |(May 28, 2009)  |SENATE: |36-3 |(September 4,  |
          |           |     |                |        |     |2009)          |
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          |ASSEMBLY:  |57-15|(September 9,   |        |     |               |
          |           |     |2009)           |        |     |               |
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           Original Committee Reference:    REV. & TAX.  

           SUMMARY  :  Extends the Centralized Fleet Calculation Program for  
          statewide assessment of certificated aircraft for property tax  
          purposes until fiscal year (FY) 2014-15.  

           The Senate amendments  :

          1)Make a clarifying technical change to Revenue and Taxation  
            Code (R&TC) Section 1153.5. 

          2)Add double-jointing language to avoid chaptering out problems  
            with AB 852 (Fong), which was vetoed by the Governor.

           EXISTING LAW  :
           
           1)Provides that all property is taxable unless explicitly  
            exempted by the California Constitution or federal law.   
            Limits ad valorem taxes on real property to 1% of the full  
            cash value of that property as set forth in the California  
            Constitution.  Requires that real and personal property be  
            taxed at the same rate (Section 2 of Article XIII of the  
            California Constitution).  However, personal property, which  
            generally is defined as property other than real property, is  
            subject to property tax of 1% of the assessed value of the  










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            taxable personal property.  Thus, the property tax applicable  
            to personal property is calculated based on the market value  
            of that property, rather than its "full cash value."  

          2)Requires each county to impose an ad valorem property tax rate  
            of 1% of the assessed value of the taxable property located in  
            that county, including any taxable certificated aircraft  
            within the county.  Typically, certificated aircraft are  
            commercial aircraft operated by air carriers for passenger and  
            freight service, while general aircraft are typically  
            privately owned aircraft.  General aircraft are assessed on an  
            aircraft-by-aircraft basis and an assessment is made only in a  
            single county where the aircraft is habitually situated.   
            Certificated aircraft are valued for purposes of property  
            taxation under a "fleet" concept, which means that the basis  
            of the assessed value is not the value of any single aircraft  
            owned by an air carrier, but the value of  all  aircraft of each  
            particular fleet type that is flown into California.  Types  
            are grouped by make and model.  Because certificated aircraft  
            are movable, they are often located in more than one county  
            during an assessment year, and assessments are made for each  
            county in which the aircraft in the fleet land to reflect  
            actual presence in California. 

          3)Prescribes a centralized assessment methodology for valuing  
            certificated aircraft for FYs 2005-06 through 2010-11.  Also,  
            until January 1, 2011, allows a commercial air carrier to file  
            a single, consolidated property statement with a designated  
            "lead" county for all certificated aircraft that has acquired  
            a tax situs in California.  The centralized assessment  
            methodology is based on a formula to be used by the "lead"  
            county in determining the preallocated fair market value of  
            each make, model, and series of mainline jets, production  
            freighters, converted freighters, and regional aircraft with a  
            tax situs within California for property tax purposes.  Once  
            the "lead" county calculates the preallocated value of the  
            aircraft, the information is transmitted to all other counties  
            within which the airline has acquired a tax nexus.  Each  
            individual county then determines its allocated portion of the  
            fleet based on the flight data for that particular county.   
            R&TC Section 1152 provides an allocation formula to determine  










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            the frequency and the amount of time that an air carrier's  
            aircraft makes contact and maintains situs within a county.  

          4)Requires assessors to audit once every four years the personal  
            property holdings of any property owner with an assessed value  
            of more than $400,000 (RT&C Section 469).  Until December 31,  
            2010, allows an audit team comprised of staff from one to  
            three counties to perform a mandatory audit of a commercial  
            air carrier.  The work performed by the audit team is deemed  
            to have been made on behalf of each county for which a  
            mandatory audit would otherwise be required under RT&C Section  
            469.  

          5)Defines the term "certificated aircraft" as "aircraft operated  
            by an air carrier or foreign air carrier engaged in air  
            transportation, as defined in subdivisions (3), (5), (10), and  
            (19) of Section 101 of Title of the "Federal Aviation Act of  
            1958" (P.L. 85-726; 72 Stat. 731), while there is in force a  
            certificate or permit issued by the Civil Aeronautics Board of  
            the United States, or its successor, or a certificate or  
            permit issued by the California Public Utilities Commission,  
            or its successor, authorizing such air carrier to engage in  
            such transportation." (RT&C Section 1150).  

           AS PASSED BY THE ASSEMBLY  , this bill:

          1)Extended, until FY 2014-15, the application of the current  
            assessment methodology for determining the fair market value  
            of certificated aircraft owned by commercial air carriers for  
            property tax purposes. 

          2)Extended, until December 31, 2014, the application of the  
            following provisions of law that otherwise were scheduled to  
            sunset on December 31, 2010:

             a)   RT&C Section 441 that required a commercial air carrier  
               to file one annual property statement with a designated  
               "lead" county; and, 

             b)   RT&C Section 1153.5 that established the procedure for  
               selecting a lead county to calculate an airline's fleet  










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               value and a coordinated multi-county audit team to perform  
               mandatory audits of commercial air carriers. 

          3)Imposed a state-mandated local program and provided that, if  
            the Commission on State Mandates determined that this bill  
            contained costs mandated by the state, reimbursement for those  
            costs would be made as required by the statute. 
           
          FISCAL EFFECT  :  The State Board of Equalization (BOE) estimates  
          that this bill will have no revenue impact. 
           COMMENTS  :  According to the author, "AB 311 is needed to ensure  
          that administrative efficiencies created by AB 964 continue for  
          both the airlines and assessors.  AB 964 created a fair and  
          equitable statewide valuation of certificated aircrafts.  The  
          Centralized Fleet Calculation Program has allowed assessors to  
          carry out their mandated responsibility to fairly assess taxable  
          property in an efficient manner."

          The sponsor of this bill, California Assessors' Association,  
          argues that the existing Centralized Fleet Calculation Program,  
          which was established by AB 964 (Horton), Chapter 699, Statutes  
          of 2005, has been a success.  The program "has allowed assessors  
          to carry out their mandated responsibility to fairly assess all  
          taxable property within their jurisdiction in an efficient  
          manner" while streamlining the property tax process for  
          commercial airlines.  The sponsor also states that the "total  
          annual cost savings statewide for assessors with centralized  
          valuation and audit and the avoidance of assessment appeals is  
          estimated as over $3.4 million." The proponents state that the  
          existing Centralized Fleet Calculation Program provides an  
          equitable and consistent formula in valuing aircraft and allows  
          airlines to plan accordingly for the next five years.    
          Additionally, the proponents emphasize the importance of the  
          current practice of designating one lead county and allowing  
          airlines to file only one property tax return with that county. 

          The opponents argue that the "unanticipated revision of the  
          Airline Pricing Guide (APG) in combination with the formula  
          attached to the application of the APG contained in current  
          statute has resulted in precipitous and unexpected rises in tax  
          liability for Southwest Airlines."  The opponents suggest either  










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          an increase to 20% in the percent discount from the APG of 10%  
          or an extension of the sunset to no more than three years to  
          precipitate evaluation and discussion of the methodology.  The  
          opponents state that the existing assessment methodology was not  
          intended to be a permanent solution to airline valuation issues  
          and the sunset provisions are necessary to motivate a periodic  
          review of that methodology.  

          Prior to 1999, no specific assessment methodology procedure for  
          valuing certificated aircraft or for valuing the carrier's  
          possessory interest in the publicly owned airport existed in  
          California.  In 1998, a group of counties and airline industry  
          representatives entered into a written settlement agreement to  
          dispose of outstanding litigation and appeals over the valuation  
          of possessory interest assessments in airports and the valuation  
          of certificated aircraft.  The settlement agreement created a  
          new assessment methodology for valuing aircraft that applied to  
          FY 1998-99 to FY 2002-03 and was codified in a three-piece  
          legislative package [AB 1807 (Takasugi), Chapter 86, Statutes of  
          1998, AB 2318 (Knox), Chapter 85, Statutes of 1998, and SB 30  
          (Kopp), Chapter 87, Statutes of 1998].   In 2005, the  
          representatives of the airline industry and a county assessors  
          working group, jointly, refined that valuation methodology,  
          recognizing the need to distinguish between different types of  
          aircraft and to detail the specific calculation of the variable  
          components that were previously lacking.  

          Committee staff notes that, prior to 1998, the valuation of  
          aircraft had been contentious and challenging for both county  
          assessors and commercial air carriers but the codified valuation  
          methodology has reduced those conflicts.  The existing  
          centralized assessment of certificated aircraft provides  
          certainty and predictability for both assessors and airlines.   
          Further, the current procedure of designating a lead county  
          assessor's office to calculate the preallocated fleet value  
          ensures that airlines report the same information to every  
          county, resulting in a uniform statewide assessment.  As BOE  
          staff points out in its analysis of this bill, "Absent a  
          codified methodology, there is no guarantee that the values  
          determined by each individual county assessor would be the  
          same," since property appraisal is subjective and opinions of  










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          value differ.  Finally, the centralized assessment of aircraft  
          greatly reduces administrative costs for both parties.  As  
          reported by the author, if the existing centralized valuation  
          methodology and the centralized audit program are not extended,  
          236 additional fleet calculations and 390 additional statewide  
          mandatory audits would be required, resulting in an annual cost  
          of approximately $1.3 million, and $1.8 million, respectively. 

           GOVERNOR'S VETO MESSAGE :

          "This bill is intended to represent the continuation of an  
          important tax assessment methodology that was agreed to by all  
          the major airlines in 2005.  The original methodology brought  
          consistency and greater efficiency to the assessment of  
          certificated aircraft.  However, this bill makes changes that do  
          not reflect consensus.  Since the existing methodology does not  
          end until December 31, 2010, I would encourage the author and  
          stakeholders to reach that consensus and send me legislation to  
          that effect.
           
          "I look forward to signing a bill that is agreed to by all the  
          parties involved."


           Analysis Prepared by  :  Oksana Jaffe / REV. & TAX. / (916)  
          319-2098


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