California Revenue and Taxation Code

§ 11292

RTC § 11292 Effective Jul 31, 1995Div. 2 · Part 6 · Ch. 2 · Art. 3

Statute text

In making the assessment, the board shall value the cars by class based on the owner’s acquisition cost, less depreciation. The depreciation shall be computed for these enumerated Association of American Railroad’s, or successor organization’s, car type groups on a straight-line basis with the indicated depreciable life schedules with a maximum of 80 percent depreciation allowed.

(a)Stack cars (alpha S): 22 years minus the age at acquisition.

(b)Lightweight, low profile intermodal cars (alpha Q): 22 years minus the age at acquisition.

…

Legislative history

Added by Stats. 1995, Ch. 220, Sec. 6. Effective July 31, 1995.