Louisiana Administrative Code
Title 61 - REVENUE AND TAXATION
Part V - Ad Valorem Taxation
Chapter 15 - Aircraft
Section V-1504 - Aircraft (Including Helicopters) Table

Universal Citation: LA Admin Code V-1504
Current through Register Vol. 50, No. 9, September 20, 2024

Table 1504 Economic Obsolescence for Days Contracted
No. of Days Worked Obsolescence Amount Manual Adj. Factor
329 ... Over 0 100
274 to 328 10% 90
219 to 273 20% 80
164 to 218 30% 70
111 to 163 40% 60
54 to 110 50% 50
Less than 53 60% 40

Table 1504 Economic Obsolescence for Days Contracted
No. of Days Worked Obsolescence Amount Manual Adj. Factor
Grounded Current Year 75% .25
Grounded More Than One Year 90% .10

AUTHORITY NOTE: Promulgated in accordance with La. Const, of 1974, Article VH, §18 and §21, R.S. 47:1837 and R.S. 47:2323.

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