137.022. Private car company, defined--subject to assessment and taxation, manner. - Missouri Statutes

Private car company, defined--subject to assessment and taxation,manner.

137.022. 1. As used in this section, "private car company"means any person, association, company or corporation, not beingthe owner or lessee of a railroad or street railway company,engaged in the business of furnishing or leasing any railroadcars, except dining, buffet, chair, parlor, palace or sleepingcars, which are used in the operation of any railroad or streetrailway company, wholly or partly within this state, or whenowning and operating, or operating, any railroad freight,refrigerator or tank car on railway lines in this state for thetransportation of his or its goods, wares, merchandise orproducts. As used in this section, "commission", means theMissouri state tax commission.

2. The property of private car companies is subject toassessment and ad valorem taxation; however, the equipment ownedby such companies known as "flanged wheel equipment" shall beassessed by the commission and shall be taxed in the mannerprovided in this section.

(L. 1992 S.B. 630, A.L. 1994 H.B. 1161 § 137.022 subsecs. 1, 2)

Effective 5-13-94