Taxation of property subject to lease financing

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. Added by 2021 Tenn. Acts, ch. 196, s 1, eff. 4/22/2021. 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. Added by 2021 Tenn. Acts, ch. 196, s 1, eff. 4/22/2021.