California Revenue and Taxation Code ARTICLE 3 - Valuations

• Section 11291.
  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...
• Section 11292.
  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...
• Section 11293.
  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...
• Section 11294.
  In determining the averages required in Section 11293, the board shall exclude from the California factor car mileage, car days or such other data which...

Last modified: October 22, 2018