LDI Manufacturing Co. v. State Board of Tax Commissioners

LDI Manufacturing Co., Inc. (LDI), appeals the final determination of the State Board of Tax Commissioners (State Board) establishing the assessed value of LDI's improvement as of March 1, 1996. The relevant issue for review is whether the State Board abused its discretion and acted arbitrarily and capriciously in failing to apply the General Commercial Kit (GCK) pricing schedule to LDI's improvement. 1

For the reasons stated below, the Court REVERSES this case and REMANDS it to the State Board.

FACTS AND PROCEDURAL HISTORY

LDI, which manufactures restaurant exhaust ventilating equipment, owns…