54:29A-11 - Assessment in lieu
54:29A-11.Ā Assessment in lieu
Taxes assessed pursuant to this act shall be in lieu of all other State or local taxation of or measured by property used for railroad purposes, includingĀ the main stem, tangible personal property and facilities used in passengerĀ service, other than assessments for benefits.
L.1941, c. 291, p. 777, s. 11.Ā Amended by L.1964, c. 251, s. 4;Ā L.1966, c. 139, s. 3, eff. June 17, 1966.
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Taxes assessed pursuant to this act shall be in lieu of all other State or local taxation of or measured by property used for railroad purposes, includingĀ the main stem, tangible personal property and facilities used in passengerĀ service, other than assessments for benefits.
L.1941, c. 291, p. 777, s. 11.Ā Amended by L.1964, c. 251, s. 4;Ā L.1966, c. 139, s. 3, eff. June 17, 1966.
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