California Revenue and Taxation Code Section 11291

CA Rev & Tax Code § 11291 (2017)  

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.)

Last modified: October 25, 2018