California Revenue and Taxation Code

§ 241

RTC § 241 Effective Aug 9, 2001Div. 1 · Part 2 · Ch. 1 · Art. 1

Statute text

(a)The first fifty thousand dollars ($50,000) of personal property that consists of hand tools owned and supplied by an employee that are required as a condition of that employee’s employment are exempt from taxation.

(b)For purposes of this section:

(1)“Hand tools” means hand-held implements and equipment, including hand-held power tools, of which any one may be transported to and from the workplace and which are necessary for the ordinary and regular performance of the employee’s work, and also means the appropriate storage containers used to store those implements and that equipment.

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Legislative history

Amended by Stats. 2001, Ch. 161, Sec. 1. Effective August 9, 2001.