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Statutes > New York Laws > RPT - Real Property Tax > Article 4 - EXEMPTIONS > Title 2-A - (489-A - 489-W) RAILROAD REAL PROPERTY OF INTRASTATE RAILROAD COMPANIES > 489-I - Earnings ratio.

STATE STATUTES & CODES

NEW YORK STATUTES AND CODES

489-I - Earnings ratio.

§ 489-i. Earnings ratio. The state board 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.

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