(b) Notwithstanding the provisions of subdivision (a) of this section, for purposes of determining railroad ceilings for interstate railroads for assessment rolls completed in two thousand three and thereafter, the percentage indicated opposite the ratio in the table in this subdivision shall be the economic factor. If the ratio does not coincide with a specific rate indicated in the table in this subdivision, the economic factor for such company shall be determined by interpolation to the nearest tenth of one percent. Ratio Economic Factor
(Percent) .60 100 .65 85 .70 70 .75 60 .80 50 .85 40 .90 30 .95 20 1.00 15
(c) Notwithstanding the provisions of subdivision (b) of this section, whenever it shall appear that an economic factor is increasing more than one-tenth from the economic factor established in the prior year, such increase may not exceed one-tenth.
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