Carrier Taxation: Letter from the Board of Investigation and Research, Transmitting a Report on Carrier TaxationU.S. Government Printing Office, 1945 - 487 pages |
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Common terms and phrases
ad valorem taxes Administration allocation amount appraisal assessed valuation assessors assets average book value busses Capital stock capital-stock tax carrier groups carrier operating cars centrally assessed class I intercity companies Court District domicile earnings estimated excess-profits tax exemption Federal tax fees for-hire franchise fuel fuel taxes gasoline gasoline tax gross gross-earnings tax imposed income taxes income-tax Interstate Commerce Commission intrastate investment Kentucky laws levies license taxes ment mileage tax Minnesota motor carriers motor vehicles motor-carrier motor-fuel taxes net operating income North Carolina North Dakota operating income operating property passenger pay rolls pay-roll taxes percent percentage pipe lines pipe-line rail railroad property railroad tax ratio reported reproduction cost less revenues sales tax tax base tax burdens tax measured tax rates tax system taxation taxpayers terminal tion transportation trucks type of tax valorem property taxes vehicle registration taxes vessels water carriers West Virginia York Barge Canal
Popular passages
Page 106 - ... when you have ascertained the current cash value of the whole funded debt, and the current cash value of the entire number of shares, you have, by the action of those who above all others can best estimate it, ascertained the true value of the road, all its property, its capital stock, and its franchises; for these are all represented by the value of its bonded debt and of the shares of its capital stock.
Page 103 - The rule of property taxation is that the value of the property is the basis of taxation. It does not mean a tax upon the earnings which the property makes, nor for the privilege of using the property, but rests solely upon the value. But the value of property results from the use to which it is put and varies with the profitableness of that use, present and prospective, actual and anticipated. There is no pecuniary value outside of that which results from such use.
Page 324 - But the mere purchase of supplies or equipment for use in conducting a business which constitutes interstate commerce is not so identified with that commerce as to make the sale immune from a nondiscriminatory tax imposed by the State upon intrastate dealers.
Page 80 - We think there was a taxable moment when the former had reached the end of their interstate transportation and had not begun to be consumed in interstate operation. At that moment, the tax on storage and use — retention and exercise of a right of ownership, respectively — was effective. The interstate movement was complete. The interstate consumption had not begun.
Page 67 - When a fleet of cars is habitually employed in several states — the individual cars constantly running in and out of each state— it cannot be said that any one of the states is entitled to tax the entire number of cars regardless of their use in the other states.
Page 21 - That Congress provide for an impartial and authoritative investigation for the purpose of determining whether and to what extent motor, water, and air carriers operating in competition with the railroads are receiving direct or indirect Government aid amounting, in effect, to a subsidy; and if so, what steps, if any, are necessary to correct this situation, with a view to placing competition on a just and equitable basis.
Page 146 - The basis of ascertaining the net income of every corporation engaged in the business of operating a steam or electric railroad, express service, telephone or telegraph business, or other form of" public service, when such company is required to keep records according to the standard classification of accounting of the Interstate Commerce Commission, shall be the "net operating income...
Page 77 - In any case, even if taxpayer's business were wholly interstate commerce, a nondiscriminatory tax by Tennessee upon the net income of a foreign corporation having a commercial domicile there ... or upon net income derived from within the state . . . is not prohibited by the commerce clause . . . .
Page 106 - It is, therefore, obvious that when you have ascertained the current cash value of the whole funded debt, and the current cash value of the entire number of snares, you have by the action of those who, above all others, can best estimate it, ascertained the true value of the road, all its property, its capital stock and its franchises, for these are all represented by the value of its bonded debt, and the shares of its capital stock.
Page 221 - New York, North Carolina, North Dakota, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, Navajo Nation.