All railroads now constructed, in course of construction, or which shall hereafter be constructed in this state, and all real property, tangible personal property, and intangible personal property owned, used, leased or otherwise controlled by any railroad company or corporation in this state, shall be subject to taxation, and taxes levied on such real property and tangible personal property shall be levied in the manner herein set forth, and the taxes on such intangible personal property shall be levied and collected in the manner otherwise provided by law.
Mo. Rev. Stat. § 151.010
What railroads are taxable
Applied in 1 court decision — leading case Norfolk & Western Railway Co. v. Missouri State Tax Commission (1968)
Most recently applied in Norfolk & Western Railway Co. v. Missouri State Tax Commission (March 1968)
Effective: 20 Jun 1986, see footnote; (RSMo 1939 § 11242, A.L. 1945 p. 1825 § 2, A.L. 1986 H.B. 1022, et al.); Prior revisions: 1929 § 10011; 1919 § 13001 1909 § 11553
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.