Section 82:7 Evidence of Value.
In addition to such other evidence as it may deem material and relevant in determining the value of any such corporation or company, the department of revenue administration shall consider the value of the physical property, real and personal, in this state, of such company or corporation as well as the fair average market value of the stocks and bonds for one year prior to April 1 preceding the assessment and the fair market value of any other funded or floating debt of such corporation or company representing permanent improvements or extensions. When the market value of the stocks and bonds of any such corporation or company cannot be ascertained for want of actual sales, or for any other reason, the net receipts of any such corporation or company, which shall be the difference between the gross earnings, whether by lease or by operation, and the operating expenses and taxes of the preceding year, capitalized at such percent as appears to be equitable under the circumstances, shall be considered as evidence of the value of the property and estate of such corporation or company. In the case of railroads operating on state-owned property, the determination of value shall not include the value of the trackage and real estate owned by the state, but shall be based upon the value of the railroad operating agreement as determined by the user fees paid into the fund established pursuant to RSA 228:68.
Source. 1911, 169:14. PL 69:6. RL 83:6. RSA 82:7. 1955, 255:1. 1973, 544:13. 1983, 318:9. 1999, 304:3, eff. July 1, 1999.