Ord73 1583 - Laserfiche WebLink

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consumed by such operators directly and exclusively in the use of such aircraft as common carriers of persons or property for hire or compensation under a certi- ficate of public convenience and neces- sity issued pursuant to the laws of this state, the united States, or any foreign government is exempted from the use tax. "Section 32.11. (a) Section 32.10 of this article shall become operative on January 1, of the year follow- ing the year in which the State Board of Equalization adopts an assessment ratio for state-assessed property which is identical to the ratio which is required for local assessments by Section 401 of the Revenue and Taxation Code, at which time Section 32.9 of this arti- cle shall become inoperative. " (b) In the event that Section 32.10 of this arti- cle becomes operative and the State Board of Equalization subsequently adopts an assessment ratio for the state- assessed property which is higher than the ratio which is required for local assessments by Section 401 of the Revenue and Taxation Code, Section 32.9 of this article shall become operative on the first day of the month next following the month in which such higher ratio is adopted, at which time Section 32.10 of this article shall be inoperative until the first day of the month following the month in which the Board again adopts an assessment ratio for state-assessed property which is identical to the ratio required for local assessments by Section 401 of the Revenue and Taxation Code, at which time Section 32.10 shall again become operative and Section 32.9 shall become inoperative. "Section 32.12. All subsequent amendments of the Revenue and Taxation Code which relate to the sales and -7-