Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Property Tax Annotations
670.0000 PRIVATE RAILROAD CAR TAX
670.0020 Subsidiary Corporations. The fact that a corporate subsidiary owns and operates a repair facility that services railcars owned and operated by another corporate subsidiary is not sufficient basis for the Board to assess the subsidiary's repair facility property. The actual relationship between and the operations of each corporation must be reviewed to ascertain whether or not their separate identities should be recognized for purposes of assessment. C 1/16/1987.