Interstate Commerce Commission


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Interstate Commerce Commission

A former organization of the U.S. federal government established to regulate railroads. Among other things, it ensured fair prices for consumers and attempted to prevent racial discrimination on rail. Its jurisdiction was later expanded to include trucking. It was established in 1887 and was abolished in 1995.
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173) In 1906, Congress legislatively overruled the Interstate Commerce Commission v.
The Court did comment on the weight of ICC rulings on computing taxable income, saying that "the rules of accounting enforced upon a carrier by the Interstate Commerce Commission are not binding upon the commissioner, nor may he resort to the rules of that body, made for other purposes, for the determination of tax liability under the revenue acts.
A full description of the act is in Sharfman, Interstate Commerce Commission, 1: 177-244.
For many years the then existing Interstate Commerce Commission (ICC) allowed over 15 different classification factors to be considered and weighed.
Abstract: In June 1907, the Interstate Commerce Commission (ICC) released new reporting rules that would require railroads to change from betterment to depreciation accounting for equipment.
The trend toward concentrating power in Washington accelerated when the Interstate Commerce Commission was established in 1887, the first of the fedgov regulatory agencies.
Recent legislative changes and the ICC Termination Act of 1995, which abolished the Interstate Commerce Commission, eliminated the exemption from the FAR for guaranteed traffic.
Cincinnati and Union Pacific each involved a railroad company that, for accounting purposes, was required by the Interstate Commerce Commission to expense certain purchases under $500, even though the items had useful lives in excess of one year.
Fortunately for the Teamsters, they had the Motor Carrier Act of 1935 and the Interstate Commerce Commission (ICC) on their side.
The court said that Congress preempted municipal land use and zoning authority as it applies to railroads as part of legislation enacted in 1995 to eliminate the Interstate Commerce Commission.
Unlike actual or promised casualties of the war on big government, such as the interstate Commerce Commission and the Commerce Department, the EPA is simply impossible for them to kill--or even to torture obviously.
In 1986, the Interstate Commerce Commission examined the service provided to both shipper and carrier by brokers and then observed, "In short, the explosive growth in the brokerage industry reflected a need in the surface transportation industry for innovative middlemen who aggressively identify and meet the needs of both shippers and carriers.

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