Opinion ID: 437358
Heading Depth: 1
Heading Rank: 3

Heading: discrimination under the 4r act

Text: 11 Under the 4R Act, discrimination is established and gauged by comparing the assessed value of affected property with its true market value. 49 U.S.C. Sec. 11503(b)(1). The statute nowhere defines true market value. The legislative history, however, makes clear that Congress viewed true market value as a single standard against which assessed values would be compared. In a 1968 report accompanying S. 927, one of several predecessors to section 11503, the Senate Committee on Commerce stated: 12 In order to avoid any question as to the meaning of the phrase true market value as used in S. 927, the committee accepts the definition of this phrase as set forth in appendix B attached to this report. The committee intends by the phrase true market value the meaning set forth in appendix B. 13