The report is an analysis of state and local taxation of American railroads. The report examines the status, structure, and magnitude of the property taxes assessed against railroads. Though property taxes are a substantial expense for railroads, they have steadily decreased in importance. Twelve states exempt certain types of railroad property or grant exemption from property taxes to railroads and use other forms of revenue collection. The remaining states use the unit rule. The report examines the tax systems of the unit rule states and the in lieu taxes imposed by twelve states. Valuation, allocation, assessment, equalization, apportionment, and classification are analyzed with respect to railroad property. Sources of discriminatory tax treatment of railroads are identified. The report concludes that there are several possibilities for tax discrimination and that there are few areas that would suffer substantially if railroad property were removed from the tax base.


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    Title :

    Analysis of State and Local Taxation of American Railroads


    Contributors:
    D. L. Thompson (author) / J. Barth (author) / R. Garthner (author) / S. Sours (author)

    Publication date :

    1977


    Size :

    144 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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