Bulletin Number
VTB 91-10
Tax Type
Property Tax
Description
Collection of Property Taxes Enjoined
Topic
Court Case
Date Issued
11-07-1991
91-10
COLLECTION OF PROPERTY TAXES ENJOINED
On November 6,1991, the United States District Court for the Eastern District of Virginia, the Honorable Robert R. Merhige, Jr., presiding, issued an order enjoining the collection by Virginia localities of additional taxes arising from the revision for the 1988 tax year of assessments of the real estate and tangible personal property of CSX Transportation, Incorporated, and Carolina, Clinchfield and Ohio Railway Company.
The referenced assessment are set forth in the 1988 Revised Statement of Assessed Values for Local Tax Purposes for Railroads. issued by the Department of Taxation on August 23, 1 991.
The Court's order indicates that in the event this injunction is withdrawn following a trial on the merits for CSX Transportation. Incorporated. et. al. v. William H. Forst. the plaintiff railroads shall be liable for any tax payments found to be properly owing, if any, plus interest and penalties on those amounts.
Questions regarding the tax bulletin should be directed to David E. Jordan or Keith Mawyer at (804) 367-8020.
Tax Bulletins