§ 434.7 — Gross earnings

Iowa § 434.7

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 434: RAILWAY COMPANIES TAX

Text

For the purpose of making reports to the department of revenue, the gross earnings of
railway companies, owning or operating a line or lines of railway partly within this state and
partly within another state, or other states, or territory, or territories, upon their line or lines
within this state, shall be ascertained and reported by said railway companies as follows,
to wit: The aggregate of the earnings upon business originating and terminating within
this state, upon business originating in this state and terminating elsewhere, upon business
originatingelsewhereandterminatinginthisstate, anduponbusinessneitheroriginatingnor
terminating in this state but carried on or done over the line or lines in this state or over some
part thereof, shall be reported; and with respect to all such interstate business the earnings in
this state for the purpose of report shall be actually computed upon the basis of the length of
haul or carriage in this state as compared with the length of haul or carriage elsewhere. It is
hereby declared that for the purpose of making reports looking to the assessment of railway
property for taxation, the gross earnings or business done or carried partly within this state
and partly in another state, or other states, or territories, shall be that proportion of the entire
earnings of such business that the haul or carriage in this state bears to the entire haul or
carriage.

Legislative History

[S13, §1340-a; C24, 27, 31, 35, 39, §7052; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §434.7]