Burlington Northern Railroad Company, Inc. v. Gerald D. Bair, Director of Iowa Department of Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that \subsection (b)(4) does apply to prohibit Iowa from taxing the intangible personal property of railroads since Iowa imposes this tax upon only a small targeted group of businesses\
• calculating the true market value of a railroad’s operating property using capitalized income and stock- and-debt indicators
• “We are satisfied that the District Court would have reached the same conclusion regarding [the railroad company’s] value whether or not it considered [the other states’ valuations].”
• “Iowa’s scheme does not even impose a generally applicable tax on personal property.”

Source: CourtListener parenthetical corpus (CC0).