MTAS Publications: Technical Bulletins
Document Type
Bulletin
Publication Date
9-26-1980
Abstract
The Middle Section of the Tennessee Court of Appeals has held that rental inventory of a taxpayer who is subject to the business tax, as authorized in Tennessee Code Annotated § 67-5801, et seq., is exempt from the payment of personal property ad valorem taxes on that inventory . In Art Pancake's United Rent-All v . Glenn Ferguson, 601 S.W . 2d 926 (October 1979), the court relied primarily on statutory construction to reach its conclusion that the business tax is in lieu of ad valorem taxes on rental inventories .
Recommended Citation
MTAS, "Technical Bulletins: Rental Inventory Expert from Ad Valorem Personal Property Tax Where Rentor is Subject to Business Tax" (1980). MTAS Publications: Technical Bulletins.
https://trace.tennessee.edu/utk_mtastech/295
Comments
The MTAS publications provided on this website are archival documents intended for informational purposes only and should not be considered as authoritative. The content contained in these publications may be outdated, and the laws referenced therein may have changed or may not be applicable to your city or circumstances. For current information, please visit the MTAS website at: http://mtas.tennessee.edu