SALT LAKE CITY SO. R. CO. v. STATE TAX COMMISSION

No. 970529.

987 P.2d 594 (1999)

1999 UT 90

SALT LAKE CITY SOUTHERN RAILROAD COMPANY, INC., Petitioner, v. UTAH STATE TAX COMMISSION, Respondent. Utah Association of Counties, Intervenor.

Supreme Court of Utah.

September 14, 1999.


Attorney(s) appearing for the Case

Robert A. Peterson, Milo Steven Marsden, Kevin Joseph Simon, Salt Lake City, for petitioner.

Jan Graham, Att'y Gen., Gale K. Francis, Michelle Bush, Asst. Att'ys Gen., Salt Lake City, for respondent.

Bill Thomas Peters, Salt Lake City, for intervenor.


RUSSON, Justice:

¶ 1 Petitioner Salt Lake City Southern Railroad Company seeks review of a ruling of the Utah State Tax Commission upholding the 1994 valuation of petitioner's taxable property. The Property Tax Division of the Tax Commission had determined that, as of January 1, 1994, the fair market value of petitioner's taxable property was $1 million. We affirm.

BACKGROUND

¶ 2 Salt Lake City Southern Railroad Company (the "Company")...

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