§11143 — Title 49 Transportation | U.S. Code

Summary

The Board must set which kinds of property and what depreciation rates rail carriers can count as operating expenses, and it can group carriers to do this. If the Board has set rules for a property, a carrier cannot use a different property class, charge a different rate, or add other depreciation charges to operating expenses.

Title 49, §11143

Transportation — Source: USLM XML via OLRC

The Board shall, for a class of rail carriers providing transportation subject to its jurisdiction under this part, prescribe, and change when necessary, those classes of property for which depreciation charges may be included under operating expenses and a rate of depreciation that may be charged to a class of property. The Board may classify those rail carriers for purposes of this section. A rail carrier for whom depreciation charges and rates of depreciation are in effect under this section for any class of property may not—

(1)charge to operating expenses a depreciation charge on a class of property other than that prescribed by the Board;

(2)charge another rate of depreciation; or

(3)include other depreciation charges in operating expenses.

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 11143, Pub. L. 95–473, Oct. 17, 1978, 92 Stat. 1426, related to depreciation charges, prior to the general amendment of this subtitle by Pub. L. 104–88, § 102(a).

Statutory Notes and Related Subsidiaries

Effective Date

Section effective Jan. 1, 1996, except as otherwise provided in Pub. L. 104–88, see section 2 of Pub. L. 104–88, set out as a note under section 1301 of this title.

§11143 Depreciation Charges