California Revenue and Taxation Code 11291 – The value of private railroad cars shall not include the car owner’s …
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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.
(Amended by Stats. 1995, Ch. 220, Sec. 5. Effective July 31, 1995.)
Terms Used In California Revenue and Taxation Code 11291
- Personal property: All property that is not real property.