AZ HB2627

Redefines "based" for aircraft registration to mean aircraft located in Arizona for at least 90 consecutive days or 90 cumulative days within a calendar year, with a day calculated based on each 12 consecutive hours the aircraft is parked at an airport, heliport, or seaport.

Eliminates the aircraft registration license decal requirement and reduces the registration fee from five dollars plus other fees to five dollars only.

Changes the aircraft license tax structure from a percentage-based tax (one-half percent of fair market value with a $20 minimum) to a fixed dollar amount per aircraft category (single-engine reciprocating/diesel, single-engine turboprop, single-engine turbine, multi-engine turboprop, and multi-engine turbine), with blank amounts to be filled in.

Reduces the license tax for stored or repaired aircraft and salvage aircraft by removing specific dollar amounts, leaving blanks to be determined.

Reduces the aviation fuel tax and makes various tax code conforming changes related to aviation operations, effective December 31, 2014.