PURPOSE: This rule sets forth the precise method of administrating the ad valorem tax for the private railcar industry.

1. (1) The commission will determine the statewide average rate of property taxes levied for the preceding year from reports filed by the railroad and street railway companies operating within the state. This information will be filed with the Director of Revenue along with the current year’s taxable distributable assessed valuation of each freight line company on or before the first of October. In addition, this report shall include the current total main line track mileage of the railroad and street railway companies within each county to the aggregate total of the state. This report will also include the following information:

   1. (A) Name and mailing address of each freight line company;
   2. (B) Assessed valuation of the distributable property for each freight line company;
   3. (C) Statewide average rate of property taxes levied the preceding year; and
   4. (D) Amount of ad valorem tax due from each freight line company.

AUTHORITY: sections 137.1018 and 137.1021, RSMo Supp. 1999. Original rule filed Sept. 20, 1999, effective May 30, 2000. *Original authority: 137.1018, RSMo 1999; 137.1021, RSMo 1999. 12 CSR 30-2