Michigan Laws 207.4 – Annual assessment of property of certain rail transportation, telephone, and telegraph companies; reports
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(1) The state board of assessors shall annually determine the true cash value and taxable value of property having a situs in this state of all of the following:
(a) Railroad companies.
Terms Used In Michigan Laws 207.4
- property: means 1 of the following:
(a) Except as otherwise provided in subdivision (b), all property, real or personal, belonging to the persons, corporations, companies, copartnerships, and associations subject to taxation under this act, including rights-of-way, road beds, stations, cars, rolling stock, tracks, wagons, horses, office furniture, telegraph and telephone poles, wires, conduits, switchboards, all other property used in carrying on their business and owned by them respectively, all other real and personal property, and all franchises. See Michigan Laws 207.5property having a situs in this state: includes all of the following:
(a) Except as otherwise provided in subdivision (b), the property, real and personal, of the persons, corporations, companies, copartnerships, and associations subject to taxation under this act, owned, used, and occupied by them within this state, and also the proportion of their rolling stock, cars, and other property used partly within and partly outside of this state as provided in this act. See Michigan Laws 207.5state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(b) Union station and depot companies.
(c) Telegraph companies.
(d) Telephone companies.
(e) Sleeping car companies.
(f) Express companies.
(g) Car loaning companies.
(h) Stock car companies.
(i) Refrigerator car companies.
(j) Fast freight line companies.
(k) All other companies owning, leasing, running, or operating any freight, stock, refrigerator, or any other cars not the exclusive property of a railroad company paying taxes on its rolling stock under this act, over or on the line or lines of any railroad in this state.
(2) For tax years that begin after December 31, 2005, the state board of assessors shall annually determine the true cash value and taxable value of property having a situs in this state of telegraph companies and telephone companies in the same manners as property assessed under the general property tax act, 1893 PA 206, MCL 211.1 to 211.157.
(3) The property of a telegraph and telephone company with gross receipts within this state for a year ending December 31 of not more than $1,000.00 is exempt from taxation under this act.
(4) All telegraph and telephone companies doing business in this state shall make the report required under section 6.