2010 California Code
Revenue and Taxation Code
Article 3. Valuations

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 kept or maintained at fixed
locations for use in repairing, improving, servicing, or operating
the cars.



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 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.
   (c) Flat cars (alpha F): 22 years minus the age at acquisition.
   (d) Conventional intermodal cars (alpha P): 22 years minus the age
at acquisition.
   (e) Vehicular flat cars (alpha V): 22 years minus the age at
acquisition.
   (f) All other cars (all other alphas): 25 years minus the age at
acquisition.
   (g) Betterments: the remaining depreciable life of the car to
which the betterment is applied.
   Acquisition cost is defined as the expenditures required to be
capitalized by generally accepted accounting principles.



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 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.



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 occurs while cars are not qualified for
revenue service and are in a repair facility in this state requiring
and undergoing or awaiting remodeling, overhaul, renovation,
conversion or repair which necessitates total labor in excess of 10
man-hours.
   Car days excluded pursuant to this section shall not exceed 90
days per car unless the claimant provides substantiation of the
necessity for the additional days in such form as prescribed by the
board.