California Revenue and Taxation Code

§ 11291

RTC § 11291 Effective Jul 31, 1995Div. 2 · Part 6 · Ch. 2 · Art. 3

Statute text

The value of private railroad cars shall not include the car owner’s tools, shop equipment, materials, supplies, or other like items of personal property customarily kept or maintained at fixed locations for use in repairing, improving, servicing, or operating the cars.

Legislative history

Amended by Stats. 1995, Ch. 220, Sec. 5. Effective July 31, 1995.