People ex rel. Central Hudson Gas & Electric Co. v. State Tax Commission
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtHinman, J.
“ The net earnings rule contemplates a valuation upon the basis of the net earnings of the corporation which are attributable to its enjoyment of the special franchise. The method is thus applied: (1) Ascertain the gross earnings. (2) Deduct the operating expenses. (3) Deduct a fair and reasonable return on that portion of the capital of the corporation which is invested in tangible property. The resulting balance gives the earnings attributable to the special franchise. If this balance be capitalized at a fair rate we have the value of the special franchise.” (People ex rel. Jamaica Water…
2Cases cited9 opinions
- People Ex Rel. Jamaica Water Supply Co. v. State Board of Tax CommissionersNew York Court of Appeals · 1909
- People Ex Rel. Manhattan Railway Co. v. WoodburyNew York Court of Appeals · 1911
- People Ex Rel. R.R. Co. v. . Tax Comrs.New York Court of Appeals · 1911
- People Ex. Rel. Buffalo & Lake Erie Traction Co. v. State Board of Tax CommissionersNew York Court of Appeals · 1913
- People Ex Rel. Niagara Falls Hydraulic Power & Manufacturing Co. v. State Board of Tax CommissionersNew York Court of Appeals · 1911
4 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- New Rochelle Water Co. v. MaltbieAppellate Division of the Supreme Court of the State of New York · 1936
- Wisconsin State AFL-CIO v. Elections BoardDistrict Court, E.D. Wisconsin · 1982
- Staten Island Edison Corp. v. MooreNew York Supreme Court · 1955
- People ex rel. Central Hudson Gas v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1926
- People ex rel. Central Hudson Gas & Electric Co. v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1927
1 more not listed; retrieve them via the Exa API.