Protecting Interstate Taxpayers from Discriminatory State Taxation: Illinois Central Railroad Company v. Tennessee … – Tax Foundation

Protecting Interstate Taxpayers from Discriminatory State Taxation: Illinois Central Railroad Company v. Tennessee …
Tax Foundation
In some cases, a railroad track going through a town paid most of the local property taxes collected for the whole town. These local tax practices contributed to the bankruptcy of a large part of the U.S. railroad industry in the 1960s and 1970s. The