People ex rel. Erie Railroad v. State Tax Commission

Subdivision 6 of section 2 of the Tax Law (as amd. by Laws of 1916, chap. 323) provides: “A franchise, right, authority or permission specified in this subdivision shall for the purpose of taxation be known as a ‘ special franchise.’ A special franchise shall be deemed to include the value of the tangible property of a person, copartnership, association or corporation situated in, upon, under or above any street, highway, public place or public waters in connection with the special franchise. The tangible property so included shall be taxed as a part of the special franchise. * * * ”

Subdivisio…