New York § 489-GG Ratio

New York Statutes

§ 489-GG — Ratio

New York § 489-GG

Law RPTReal Property Tax

Title 2-BRailroad Real Property of Interstate Railroad Companies

Art. 4Exemptions

This text of New York § 489-GG (Ratio) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Real Property Tax § 489-GG (2026).

Text

  § 489-gg. Ratio. The commissioner shall compute to the nearest\nthousandth of one percent a ratio for each railroad company by dividing\nits average railway expenses by its average railway revenues; provided,\nhowever, that if a railroad company shall have operated for less than\none full year prior to the first day of the year in which a tentative\ndetermination of a railroad ceiling for that railroad company is made,\nthen the ratio for that ceiling of that railroad company shall be one.\n

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§ 489-gg. Ratio. The commissioner shall compute to the nearest\nthousandth of one percent a ratio for each railroad company by dividing\nits average railway expenses by its average railway revenues; provided,\nhowever, that if a railroad company shall have operated for less than\none full year prior to the first day of the year in which a tentative\ndetermination of a railroad ceiling for that railroad company is made,\nthen the ratio for that ceiling of that railroad company shall be one.\n