Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · Kentucky · Chapter 136 — Corporation and utility taxes

136.160 Valuation of property -- Determination.

300 words·~1 min read·/ky/chapter-136/136-160

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The Department of Revenue shall determine the fair cash value of the operating
property of a domestic public service corporation as a unit. The fair cash value of
the operating property shall be equalized.
(2)The Department of Revenue shall determine the fair cash value of the operating
property of a foreign public service corporation or a domestic public service
corporation with property or routes in Kentucky and outside Kentucky as a unit
according to subsection (1). The fair cash value of the operating property
everywhere valued as a unit shall be apportioned to Kentucky based on the average
of the property factor and the business factor. The fair cash value of the operating
property in Kentucky shall be equalized.
(a)The property factor shall fairly reflect the amount of operating property
operated, owned, or leased in Kentucky compared to the total amount of
operating property operated, owned, or leased everywhere. An allocable
portion of the rolling stock, aircraft, and watercraft of a common carrier shall
be included in the operating property, operated, owned, or leased in Kentucky.
This factor may be a single factor or an average of several factors.
(b)The business factor shall fairly reflect the utilization of the operating property
operated, owned, or leased in Kentucky compared to the utilization of the
operating property operated, owned, or leased everywhere. This factor may be
a single factor or an average of several factors.
(3)The nonoperating tangible and nonoperating intangible property of public service
corporations whose operating property is valued according to either subsection
or
(2)shall be valued by the Department of Revenue in the same manner and
according to the same standards as if this property were valued by the property
valuation administrator in the county where the property has a taxable situs.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.