General American Transportation Corp. v. Commonwealth of Kentucky
1986.C06.41309 791 F.2D 38
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- 0,99 €
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- 0,99 €
Description de l’éditeur
The Commonwealth of Kentucky appeals a judgment of the United States District Court for the Eastern District of Kentucky holding that the Commonwealth violated section 306 of the Railroad Revitalization and Regulatory Reform Act, 49 U.S.C. § 11503, ("the 4-R Act") and establishing an ad valorem tax rate on rolling stock for the years 1981 through 1984 at $.3184 per $100.00 of assessed value. We conclude that Kentuckys ad valorem tax rate of $1.00 per $100.00 on railroad rolling stock violated the 4-R Act that since no identifiable existing tax rate fulfilled the specific standard of the 4-R Act, the trial judge did not err in developing an appropriate rate based upon the evidence before him.