The U.S. Supreme Court yesterday granted certiorari in CSX Transportation, Inc. v. Georgia Board of Equalization (06-1287). Here is the question presented:
Whether, under the federal statute prohibiting state tax discrimination against railroads, 49 U.S.C. § 11501(b)(1), a federal district court determining the “true market value” of railroad property must accept the valuation method chosen by the State.
