Laws, Regulations & Annotations

P

630.0000 PERSONAL PROPERTY

Annotation 630.0044

630.0044 Trailers – Permanently Mounted Equipment. Revenue and Taxation Code section 225 grants a personal property tax exemption to trailers registered under the Permanent Trailer Identification Program. Section 225 does not specify, however, whether it extends to permanently mounted equipment attached to a trailer registered under the Permanent Trailer Identification Program. Therefore, in the absence of any indication that the Legislature intended to exempt such equipment, permanently mounted equipment is subject to local property tax assessment. C 10/30/2014.