S.B.
237
COMMERCIAL AIRLINE AND AIRPORT TAXATION AMENDMENTS
senate committee
Amendments
Amendment 1 February 22, 2008 3:15 pm
Senator Wayne L. Niederhauser
proposes the following amendments:
1. Page
16, Lines 465 through 469
:
465
(2) For purposes of the assessment of an airline's mobile flight equipment by the
466
commission, a portion of the value of the airline's mobile flight equipment shall
{
by
}
be
allocated to
467
the state by calculating the product of:
468
(a) the total value of the mobile flight equipment; and
469
(b) the mobile flight equipment allocation factor.
2. Page
17, Lines 516 through 523
:
516
(2) The average value of an airline's real and tangible personal property owned or
517
rented and used in this state attributable to mobile flight equipment for purposes of the
518
numerator of the fraction described in Subsection (1) shall be calculated for each aircraft type
519
by determining the product of:
520
(a) the total average value of the airline's mobile flight equipment of the aircraft type
521
owned or rented and used
{
in the state
}
during the tax period; and
522
(b) a fraction, the numerator of which is the Utah revenue ton miles for the aircraft type
523
and the denominator of which is the airline revenue ton miles for the aircraft type.
3. Page
19, Lines 574 through 580
:
574
(2) The total sales of an airline in this state during the tax period attributable to
575
transportation revenues in this state during the
{
taxable year
}
tax period
for purposes of the
numerator of the
576
fraction described in Subsection (1) shall be calculated by determining the product of:
577
(a) the total transportation revenues
{
in this state
}
during the
{
taxable year
}
tax period
of the airline;
578
and
579
(b) a fraction, the numerator of which is the Utah revenue ton miles and the
580
denominator of which is the airline revenue ton miles.
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