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Showing posts with label csx railroad. Show all posts
Showing posts with label csx railroad. Show all posts

Wednesday, December 5, 2007

U.S. Supreme court rules against Georgia

The United States Supreme court has ruled against the state of Georgia in a case about property taxes. The ruling means railroad companies can challenge the way the state values their property and subsequent tax bill. The court sides with CSX Transportation Inc, which sued Georgia over a tax calculation that boosted tax bills by nearly 50%. A federal law bars states from discriminating against railroads by taxing their property more heavily than other commercial property.

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