Malco Theaters, Inc. v. Richard H. Roberts, Commissioner of Revenue, State of Tennessee

IN THE COURT OF APPEALS OF TENNESSEE AT JACKSON October 14, 2010 Session MALCO THEATERS, INC. v. RICHARD H. ROBERTS1, COMMISSIONER OF REVENUE, STATE OF TENNESSEE Direct Appeal from the Chancery Court for Shelby County No. CH-02-0491-1 Walter L. Evans, Chancellor No. W2010-00464-COA-R3-CV - Filed April 26, 2011 This appeal concerns the franchise tax liability of a corporation operating motion picture theaters in Tennessee. The Tennessee Department of Revenue assessed deficiencies against the corporation in 2001 and 2004 after audits revealed the corporation did not include the value of rented…