Missouri Revised Statutes













Chapter 137

Assessment and Levy of Property Taxes

←137.021

Section 137.022.1

137.023→

August 28, 2015

Private car company, defined--subject to assessment and taxation, manner.

137.022. 1. As used in this section, "private car company" means any

person, association, company or corporation, not being the owner or lessee of

a railroad or street railway company, engaged in the business of furnishing

or leasing any railroad cars, except dining, buffet, chair, parlor, palace or

sleeping cars, which are used in the operation of any railroad or street

railway company, wholly or partly within this state, or when owning and

operating, or operating, any railroad freight, refrigerator or tank car on

railway lines in this state for the transportation of his or its goods,

wares, merchandise or products. As used in this section, "commission", means

the Missouri state tax commission.



2. The property of private car companies is subject to assessment and ad

valorem taxation; however, the equipment owned by such companies known as

"flanged wheel equipment" shall be assessed by the commission and shall be

taxed in the manner provided in this section.



(L. 1992 S.B. 630, A.L. 1994 H.B. 1161 § 137.022 subsecs. 1, 2)



Effective 5-13-94







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