First Security Bank of Idaho, N.A. v. State, Department of Transportation

WALTERS, Chief Judge.

This case deals with the tax exempt status of airplanes in Idaho. The question we must answer is whether all registerable aircraft, or only properly registered aircraft in the state, are exempt from personal property taxes. From 1981 to 1984, First Security Bank (FSB) failed to register an airplane owned and operated by it within the state. In 1985, the Ada County Tax Assessor assessed FSB for personal property taxes on the plane. On appeal from a decision by the Idaho Board of Tax Appeals upholding the assessment, the district court held that even though the plane was…