Statutes > Tennessee Statutes > Title 7 - Consolidated Governments > Chapter 51 - Miscellaneous Governmental and Proprietary Functions > Part 9 - Contracts, Leases and Lease-Purchase Agreements > 7-51-909 - Tax exemption for capital improvement property.

7-51-909 - Tax exemption for capital improvement property.

7-51-909. Tax exemption for capital improvement property.

Any contract, lease or lease-purchase agreement with respect to capital improvement property entered into under the authority of this part and the income from the property shall be exempt from all state, county and municipal taxation except for inheritance, transfer and estate taxes, and except as otherwise provided in this code.

[Acts 1988, ch. 750, § 29.]