10-37 TAXATION OF PIPELINE COMPANIES
TAXATION OF PIPELINE COMPANIES
Common carriers subject to tax.
"Pipeline company" defined.
Classification for taxation purposes of property used for transporting water by
pipelines for carrying energy, minerals or production of synthetic fuels--Property
used to deliver water for domestic or municipal use exempt from taxation.
Annual statement required of pipeline companies--Date of filing--Contents.
Statement required annually as to real estate owned or used.
Additional information required by secretary.
Accounting rules prescribed by department.
Information used by department on failure of company to file valid report--Penalty
addition to valuation.
Property subject to assessment--Earnings and other evidence considered.
Determination and transmittal to county auditors of property valuations within taxing
districts--Taxation as other property.
Determining fair market value of pipeline company property.
County commissioners' allocation of assessed valuation to taxing districts--Notice to
Map of lines filed with county auditor--Use in allocating valuation to taxing districts.
Assessment of private pipelines--Annual statement by owner.
Determination and transmittal to county auditors of private pipeline assessments
within taxing districts--Taxation as other property.
Local assessment of oil company property other than pipelines.
Collection of delinquent taxes--Action in circuit court.
Exemption of gas companies otherwise taxed.