Creative Label, Inc. v. David Tuck, Weakley County Assessor of Property, et al.

The trial court affirmed the determination of the State Board of Equalization that taxpayer’s leasehold interest in tax-exempt property belonging to an Industrial Development Board was not exempt from ad valorem taxation where the parties had executed a payment in lieu of taxes agreement under Tennessee Code Annotated § 7-53-305 as it existed during the relevant tax period. We affirm.