Exemption Administration Manual, Part 2: Industrial, Commercial, and Public Service—Section 4.06 - 49 U.S.C. § 24301(l) : Amtrak railroad
Assessor Manuals
Section 4.06 - 49 U.S.C. § 24301(l) : Amtrak railroad
Exemption code(s):
2725
Year originally enacted:
1982
Related statutes:
None
Summary:
By federal law, real property owned by the National Railroad Passenger Corporation (Amtrak) or any of its subsidiaries is (1) wholly exempt from general municipal and school district taxes levied on or after October 1, 1981 for periods beginning on or after that date and (2) partially exempt from such taxes levied on or after October 1, 1981 for periods beginning prior to that date, the amount of exemption being proportionate to the portion of the period which had run prior to October 1, 1981. Such property is, however, liable for special ad valorem levies and special assessments.
Eligibility requirements
Ownership requirements:
Property must be owned by Amtrak or one of its subsidiaries.
Property location requirements:
None.
Property use requirements:
None.
Certification by state or local government:
None required.
Required construction start date or other time requirement:
None.
Local option
No.
Limitation on exemption
| General municipal taxes | School district taxes | Special ad valorem tax | Special assessments | ||
|---|---|---|---|---|---|
| 1. Amount | No limit | No limit | No exemption allowed | No exemption allowed | |
| 2. Duration | No limit | No limit | No exemption allowed | No exemption allowed | |
| 3. Taxing Jurisdiction | a. County or County Special Districts | Ex | NA | Tax | Tax |
| b. City | Ex | NA | NA | Tax | |
| c. Town or Town Special District | Ex | NA | Tax | Tax | |
| d. Village | Ex | NA | NA | Tax | |
| e. School District | NA | Ex | NA | NA | |
| Ex-Exempt Tax-Taxable NA-Not Applicable | |||||
Payments in lieu of taxes
None required.
Calculation of exemption:
General municipal and school district taxes:
100% of assessed value.
Special ad valorem levies and special assessments:
No exemption allowed.
Coding of exemption on assessment roll
| Code | Description of alternative codes possible |
|---|---|
| 27250 |
Assessment roll section(s)
Exempt (ARLM Section 8)
Note: This code should not be used to identify property that is exempt under any of the statutes listed under Similar Exemptions below. For coding of such property, see the Exemption Profile for the statute that applies.
Filing requirements (owner or occupant of property)
None.
Reporting requirements (assessor)
None.
Similar exemptions
| Subject | Statute |
|---|---|
| Municipal railroads (all capital stock owned by municipal corporation) | RPTL §456 |
| Railroad companies (interstate) | RPTL §489-d |
| Railroad companies (intrastate) | RPTL §489-dd |
| Railroad passenger stations in New York City | RPTL §476-a |
| Railroads and related property (NYC) | Rap Tran L §103 |
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