Union Carbide Corp. v. Alexander

OPINION

DROWOTA, Justice.

We granted Defendants’ Rule 11 application to consider the taxability, under Tennessee’s real property taxation statutes, T.C.A. § 67-5-501 et seq., of property owned by the United States in Anderson County, Tennessee. Defendants seek to tax a private corporation that manages and operates the Y-12 Plant under a contract with the United States. The specific issue in this case is whether Union Carbide Corporation owns an interest in the real property at the Y-12 Plant separate from the ownership interest of the United States. It is undisputed that the fee interest of the…