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Assessor Manuals, Exemption Administration

Exemption Administration Manual—Part 2: Industrial, Commercial, and Public Service

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Year originally enacted: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

Limitation on exemption by amount, duration, and taxing jurisdiction
  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

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

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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