10-28 TAXATION OF RAILROAD OPERATING PROPERTY
TAXATION OF RAILROAD OPERATING PROPERTY
Secretary to assess operating property.
Assets included in operating property.
Annual statement required of railroad company--Date of filing--Contents.
Annual statement of railroad property occupied by warehousemen and others.
Addition to assessment value on failure of railroad to make statements.
Annual list of warehousemen and other occupants of railroad property--Contents.
Time of annual assessment of operating property--Separation of main lines, branches
Capital stock and other property included--Nonoperating property excepted.
Allocation of valuation for railroad operating partly without state.
Local assessment of nonoperating property permitted.
Nonoperating property defined--Rules.
Unit valuation of railroad operating property.
Cost approach, market approach and income approach considered in determination
of value of railroad company property.
Department of Transportation to assist in valuation.
Notice to railroad of assessment--Hearing--Notice of equalized assessment.
Notice to county auditors of railroad mileage and assessments--Distribution.
Determination by county commissioners of railroad valuations in taxing districts--Entry in assessment records--Notice to taxing districts.
Railroad map filed with county auditor--Exemption of operating property from local
Notice to county auditor of deeds to railroads--Entry on railroad map.
Application of tax levies against railroad property--Extension in railroad tax book.
Tax credit for expenses of a capital nature incurred by public railroad or railway
corporation--Application of credit.
"Expenses of a capital nature" defined.
Capital improvement plan required to claim tax credit.
Notification of completion of capital project--Inspection and audit--Eligibility for
Promulgation of rules on capital expense tax credits.
Duplicate railroad tax book delivered to county treasurer--Collection and distribution
of railroad taxes.
Collection of delinquent railroad taxes.
Exemption of railroad companies operating over state-owned rail lines.
Promulgation of rules concerning leased property.