Sec. 12-244. Allocation of tax. The tax provided for in chapter 208 on the net
income or minimum base, as far as air carriers incorporated or doing business in this
state are concerned, shall be allocated to this state by use of the arithmetical average of
the following three ratios, provided, if it should be found that such ratios should so
operate as to subject a taxpayer to taxation on a greater or lesser portion of its business
than is reasonably attributable to this state, the provisions of section 12-221a shall apply:
(a) The ratio which the aircraft arrivals and departures within this state scheduled by
such air carrier during the income year bears to the total aircraft arrivals and departures
scheduled by such carrier on its entire system during the same period; provided, in the
case of nonscheduled operations, all arrivals and departures shall be substituted for
scheduled arrivals and departures; (b) the ratio which the revenue tons handled by such
air carrier at airports within this state during the income year bears to the total revenue
tons handled by such carrier at all airports on its entire system during the same period;
(c) the ratio which such air carrier's originating revenue within this state for the income
year bears to the total originating revenue of such carrier from its entire system for the
same period.
(1949 Rev., S. 1923; 1949, 1951, S. 1106d; P.A. 73-350, S. 15, 27.)
History: P.A. 73-350 substituted reference to Sec. 12-221a for reference to repealed Sec. 12-221.
See Chapter 138c re tax credits for donations to Rental Housing Assistance Trust Fund.
Sec. 12-245. Local taxation of real and personal property. Real property and
personal property, except flight equipment owned or being operated by a public air
carrier which air carrier is engaged principally in scheduled or nonscheduled interstate
or foreign air transportation for hire under a certificate of public convenience and necessity or other economic authority issued by the civil aeronautics board or its successor,
shall be taxed locally in accordance with the applicable laws of this state.
(1949 Rev., S. 1924; 1969, P.A. 521.)
History: 1969 act replaced exception for flight equipment of "all carriers" with exception for flight equipment owned
or operated by specific types of public air carriers.
Construed and applied. 166 C. 413.
Sec. 12-246. Filing of returns. Air carriers subject to the provisions of this chapter
shall file returns on a calendar year basis unless a fiscal year other than the calendar
year has been established for federal income tax purposes, in which event such fiscal
year shall be used.
(1949 Rev., S. 1925; 1951, S. 1107d; P.A. 99-121, S. 8, 28.)
History: P.A. 99-121 deleted provision re closing of books by authorization or order of civil aeronautics board and
added provision re establishment of fiscal year for federal income tax purposes, effective June 3, 1999, and applicable to
income years commencing on or after January 1, 2000.
Sec. 12-247. Minimum tax. The tax imposed shall in no case be less than two
hundred fifty dollars for each income year.
(1951, 1953, June, 1955, S. 1108d; 1957, P.A. 80, S. 1; 1959, P.A. 175, S. 1; 564, S. 1; 1961, P.A. 604, S. 4; February,
1965, P.A. 461, S. 9; June, 1969, P.A. 1, S. 16; June, 1971, P.A. 5, S. 113; 1972, P.A. 285, S. 8; P.A. 73-350, S. 16, 27;
P.A. 81-66, S. 4, 5; 81-255, S. 24, 37; P.A. 85-159, S. 4, 19; 85-469, S. 4, 6; P.A. 99-121, S. 9, 28.)
History: 1959 acts included contingent reserves and open book accounts in computation of tax basis, and added exclusion
for trade accounts payable; 1961 act increased alternate tax rate from 1.9 mills per dollar to 2.5 mills per dollar, and
increased the minimum tax from $20 to $25; 1965 act specified that two and one-half mill rate applies through income
years beginning before January 1, 1966, and increased rate to two and five-eighths mills thereafter and specified that
twenty-five dollar minimum tax applies through same years and is increased to thirty dollars thereafter; 1969 act set
temporary mill rate increase at four mills and temporary increase in minimum tax to forty-five dollars for income years
beginning on and after January 1, 1969, and before January 1, 1971; 1971 act substituted 1973 for 1971 as closing date of
temporary increase; 1972 act made four mill rate and forty-five dollar minimum tax permanent; P.A. 73-350 deleted
provisions specifically applicable to unincorporated air carriers, leaving provision re reduction of taxes when incorporated
air carrier has operated eleven months or less, changed reference to taxes under "this section" to taxes imposed under "this
chapter and chapter 208" and raised minimum tax to fifty dollars, effective May 9, 1973, and applicable to income years
beginning on or after January 1, 1973; P.A. 81-66 increased minimum tax from fifty to one hundred dollars, effective May
4, 1981, and applicable to income years commencing on or after January 1, 1981; P.A. 81-255 increased minimum tax to
two hundred fifty dollars, effective July 1, 1981, and applicable to income years commencing on or after January 1, 1981;
P.A. 85-159 reduced minimum tax to one hundred dollars for income years of corporations commencing on or after January
1, 1985; P.A. 85-469 revised effective date of P.A. 85-159 but without affecting this section; P.A. 99-121 deleted provisions
re reduction of tax in proportion to fractional part of year during which air carrier operated and increased the amount of
the minimum tax from one hundred to two hundred fifty dollars, effective June 3, 1999, and applicable to income years
commencing on or after January 1, 2000.