locked Re: Taxed properties on the railroad

A&Y Dave in MD

I would suspect there might be different taxes, including property tax, corporate income tax, local taxes, etc. I would bet differences depend upon whether there were laws, charters, or agreements forgiving taxes to entice construction in that area, how deductions can be worked, what era you are talking about, etc., etc., etc.  Aren’t the variables and complexity why there are scores of financial lawyers on the payroll? If it were easy to figure, they wouldn’t have jobs. Good question but hard to answer.

Dave Bott

On Mar 31, 2021, at 3:22 PM, Cohen Bob via groups.io <orl96782@...> wrote:


When a section of railroad is either unused or out of service (i.e. - Railbanked), are the taxes on the property of the railroad the same as when it is in service and deriving income and specifically taxes for services rendered along its road and if so at what rate/percentage difference?

Thank you.

Bob Cohen

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