California Revenue and Taxation Code 11293 – In making an assessment, the board shall determine the average number …
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In making an assessment, the board shall determine the average number of each class of private railroad cars physically present in the state in the calendar year immediately preceding the fiscal year in which the tax is imposed upon the basis of car days. The board shall multiply the average number so determined by the value of a car of that class as determined under Section 11292 and use the product for the assessment of the cars.
(Amended by Stats. 1995, Ch. 220, Sec. 7. Effective July 31, 1995.)
Terms Used In California Revenue and Taxation Code 11293
- board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.