A handle assembly is provided for an outlet valve of a tank car wherein the outlet valve has a valve stem rotatable about an axis and is operative to open and close the outlet valve. The handle assembly includes a valve handle for manually opening the outlet valve, a rotatable shaft coupled to the handle, and a coupling coupled to the outlet valve and selectively coupleable to the shaft. A valve rotation control structure includes a first movement control component on one of the coupling and the shaft. The valve rotation control structure is configured to permit the coupling or shaft to move parallel to the axis of the valve stem between a first locked position and a second rotatable position and to rotate about the axis of the valve stem between a first valve closed position and a second valve open position at the second rotatable position.