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

IN THE COURT OF APPEALS OF TENNESSEE AT JACKSON March 22, 2011 Session CREATIVE LABEL, INC. v. DAVID TUCK, WEAKLEY COUNTY ASSESSOR OF PROPERTY, ET AL. Direct Appeal from the Chancery Court for Madison County No. 59385 James F. Butler, Chancellor No. W2010-01557-COA-R3-CV - Filed May 11, 2011 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…