Section 105-336 - [Effective for taxes imposed for taxable years beginning before July 1, 2015] Methods of appraising certain properties of public service companies(a) Appraising System Property of Public Service Companies Other Than Those Noted in Subsection (b). - In determining the true value of each public service company (other than one covered by subsection (b), below) as a system the Department of Revenue shall give consideration to the following: (1) The market value of the company's capital stock and debt, taking into account the influence of any nonsystem property.(2) The book value of the company's system property as reflected in the books of account kept under the regulations of the appropriate federal or State regulatory agency and what it would cost to replace or reproduce the system property, less a reasonable allowance for depreciation.(3) The gross receipts and operating income of the company.(4) Any other factor or information that in the judgment of the Department has a bearing on the true value of the company's system property.(b) Appraising Rolling Stock and Flight Equipment. - In determining the true value of the rolling stock of bus line and motor freight carrier companies and the flight equipment of airline companies, the Department of Revenue shall consider the book value of the property as reflected in the books of account kept under the regulations of the appropriate federal or State regulatory agency and what it would cost to replace or reproduce the property in its existing condition.N.C. Gen. Stat. § 105-336
1939, c. 310, s. 1608; 1971, c. 806, s. 1; 1973, c. 476, s. 193.This section is set out twice. See also § 105-336, as amended by 2014 N.C. Sess. Laws 3,s. 11.1-c, eff. 7/1/2015.