N.Y. RPT Law § 489-GG
This is the official text of N.Y. RPT Law § 489-GG, part of New York’s RPT Law — part of the compiled statutory law of New York, published by the state as "RPT Law." Browse the sections below, each linked to its official government source.
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Ratio
Official statutory text
§ 489-gg. Ratio. The commissioner shall compute to the nearest\nthousandth of one percent a ratio for each railroad company by dividing\nits average railway expenses by its average railway revenues; provided,\nhowever, that if a railroad company shall have operated for less than\none full year prior to the first day of the year in which a tentative\ndetermination of a railroad ceiling for that railroad company is made,\nthen the ratio for that ceiling of that railroad company shall be one.\n
Status: in_force · Read it on the official government site
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