(a) For the purposes of this part:
(1) Any property or interest or lien thereon which, at the time of the decedent's death, was held by the decedent as a joint tenant, or in which the decedent had a life or other interest terminable upon the decedent's death, or which was held by the decedent and passed to the decedent's surviving spouse pursuant to Section 13500 , shall be excluded in determining the property or estate of the decedent or its value. This excluded property shall include, but not be limited to, property in a trust revocable by the decedent during his or her lifetime.
(2) A multiple-party account to which the decedent was a party at the time of the decedent's death shall be excluded in determining the property or estate of the decedent or its value, whether or not all or a portion of the sums on deposit are community property, to the extent that the sums on deposit belong after the death of the decedent to a surviving party, P.O.D. payee, or beneficiary. For the purposes of this paragraph, the terms “ multiple-party account,” “party,” “P.O.D. payee,” and “beneficiary” are defined in Article 2 (commencing with Section 5120 ) of Chapter 1 of Part 2 of Division 5.
(b) For the purposes of this part, all of the following property shall be excluded in determining the property or estate of the decedent or its value:
(2) Any vessel numbered under Division 3.5 (commencing with Section 9840) of the Vehicle Code .
(3) Any manufactured home, mobilehome, commercial coach, truck camper, or floating home registered under Part 2 (commencing with Section 18000 ) of Division 13 of the Health and Safety Code.
(c) For the purposes of this part, the value of the following property shall be excluded in determining the value of the decedent's property in this state:
(1) Any amounts due to the decedent for services in the Armed Forces of the United States.
(2) The amount, not exceeding fifteen thousand dollars ($15,000), of salary or other compensation, including compensation for unused vacation, owing to the decedent for personal services from any employment.
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