Tennessee Code 9-24-105 – Taxation of property subject to lease financing
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Terms Used In Tennessee Code 9-24-105
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- State: means the state of Tennessee and any agency, authority, branch, bureau, commission, corporation, department, or instrumentality of the state. See Tennessee Code 9-24-102
All property leased by a public entity is deemed to be property owned by the public entity for purposes of all taxation of the state or any public entity, and such property is exempt from all such taxation to the extent property owned by the public entity is otherwise exempt from taxation.