67-3-206. Schedule of fees in lieu of tax for aircraft. (1) The appropriate fee in lieu of tax imposed on aircraft must be determined from the following schedule:
          YEARS


     
      0 - 5      6 - 10     11 - 20     21 - 30     31 - 40
     Single engine, fixed gear, 200 horsepower and under
     $ 300     $ 175     $100     $ 50     $ 25
     Single engine, fixed gear, over 200 horsepower
     500     250     150     75     50
     Single engine, retractable gear, 200 horsepower and under
     600     300     175     100     75
     Single engine, retractable gear, over 200 horsepower
     700     400     200     125     100
     Multi-engine, piston engine
     800     500     250     175     150
     Helicopter, piston engine
     700     450     225     150     125
     Single engine jet helicopter, prop jet
     1,500     700     450     300     175
     Multi-engine jet helicopter, prop jet
     2,000     1,000     600     400     200
     Jet engine, no propeller
     3,000     1,500     800     500     250
     

     
     (2) The fee in lieu of tax imposed on any glider, ultralight, gyrocopter, balloon, homebuilt aircraft, antiques, or any aircraft over 40 years old is $20.

     History: En. Sec. 4, Ch. 453, L. 1987.