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The Laws of New York
Consolidated Laws of New York
CHAPTER 50-A
Real Property Tax
ARTICLE 4
Exemptions
TITLE 2-A
Railroad Real Property of Intrastate Railroad Companies
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SECTION 489-H
Average railway earnings
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TITLE 2-A
Railroad Real Property of Intrastate Railroad Companies
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SECTION 489-J
Exemption factor
This entry was published on 2014-09-22
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SECTION 489-I
Earnings ratio
Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 4, TITLE 2-A
§ 489-i. Earnings ratio. The commissioner shall determine the earnings
ratio for each railroad company by ascertaining the ratio of its average
railway earnings to its system reproduction cost, computed to the
nearest hundredth of one per cent.