10-33-29. Local taxation of nonoperating property permitted.
51 words·~1 min read·
/sd/title-10/chapter-10-33/10-33-29A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All property of such telephone company, both real and personal, not actually and necessarily used in the operation and maintenance of its lines in this state shall be considered "nonoperating property," and nothing in this chapter shall be so construed as to prevent local assessment and taxation of such "nonoperating property."