10-28-1. Secretary to assess operating property.
53 words·~1 min read·
/sd/title-10/chapter-10-28/10-28-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All property, real and personal, belonging to any railroad company in this state actually and necessarily used in the operation of its line or lines of railway in this state shall be considered as "operating property," and shall be assessed for the purposes of taxation by the secretary of revenue, and not otherwise.