§ 437.6 — Actual value

Iowa § 437.6

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 437: ELECTRIC TRANSMISSION LINES TAX

Text

On or before October 31 each year, the department of revenue shall proceed to find the
actual value of that part of such transmission line or lines referred to in section 437.2, owned
or operated by any company, that is located within this state but outside cities, including the
whole of such line or lines when all of such line or lines owned or operated by said company
is located wholly outside of cities, taking into consideration the information obtained from
the statements required by this chapter, and any further information obtainable, using the
same as a means of determining the actual cash value of such transmission line or lines or
part thereof, within this state, located outside of cities. The department shall then ascertain
the value per mile of such transmission line or lines owned or operated by each company
specified in section 437.2, by dividing the total value as above ascertained by the number of
miles of line of such company within the state located outside of cities, and the result shall
be deemed and held to be the actual value per mile of said transmission line or lines of each
of said companies within the state located outside of cities.

Legislative History

[SS15, §1346-m; C24, 27, 31, 35, 39, §7094; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §437.6]