California Court of Appeal July 28, 1987, A030893 (General American Transportation Corp. v. State Board of Equalization)

Opinion

SMITH, J.

We decide in this case that Revenue and Taxation Code section 11655, which requires the State Board of Equalization (board) to hold secret all “business affairs” information and records reported to it by taxpayers in reassessment proceedings under the private railroad car tax law (PRCTL) (Rev. & Tax. Code, § 11201 et seq.