La. Admin. Code tit. 61 § V-1504

Current through Register Vol. 50, No. 11, November 20, 2024

Section V-1504 - Aircraft (Including Helicopters) Table

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

La. Admin. Code tit. 61, § V-1504

Promulgated by the Office of the Governor, Division of Administration, Tax Commission, LR 44584 (3/1/2018)

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