2016 New York Laws
RPT - Real Property Tax
Article 4 - EXEMPTIONS
Title 2-B - (489-AA - 489-SS) RAILROAD REAL PROPERTY OF INTERSTATE RAILROAD COMPANIES
489-NN - Reports to state board.

  489-nn.  Reports  to  commissioner.  1. Each railroad company shall
  furnish the commissioner the following:
(a) A copy  of  all  income,  profit  and  loss  and  other  financial
  statements  filed  with  the interstate commerce commission or any other
  federal agency or officer and the commissioner of transportation; and
(b) Such other reports as the  commissioner  may  from  time  to  time
  require  containing  such  information  and  data  as  it  may  specify,
  including cost and valuation data relating to or  an  inventory  of  the
  railroad  real property of such company situated in each assessing unit,
  in order to carry out the provisions of this title.
2. Each railroad company shall pay  an  annual  charge  to  the  state
  office.    All  costs  and  expenses  of  the  state  office, direct and
  indirect, incurred in the establishment of railroad ceilings pursuant to
  this title shall be paid from the collection of an  annual  charge  upon
  railroad   companies.   The  commissioner  shall  provide  by  rule  for
  computation of this charge through the apportionment of these costs  and
  expenses  to  railroad companies in direct relation to the value of such
  real property subject to the ceiling. Charges shall be  subject  to  the
  annual  approval  of the director of the budget. Any unpaid charge shall
  be a lien upon the  assets  of  the  company  and  may  be  enforced  by
  appropriate administrative and judicial proceedings commenced by counsel
  to the state office.
3.  Any  railroad  company  failing  to make any report required by or
  pursuant to this section within  a  reasonable  time  specified  by  the
  commissioner  shall  forfeit  to  the people of the state the sum of one
  hundred dollars for each failure and the additional sum of fifty dollars
  for each day that such failure continues. Acknowledgement of receipt  of
  blank reports which contain the penalty provisions of this section shall
  be deemed sufficient notice of such penalties.