OKLAHOMA INDUSTRIES AUTHORITY v. BARNES

No. 63087.

769 P.2d 115 (1988)

OKLAHOMA INDUSTRIES AUTHORITY, Magnetic Peripherals, Inc., Lear Siegler, Inc., Little Giant Pump Company, Unit Parts Company, Plaintiffs-Appellants and Counter-Appellees, v. Joe B. BARNES, County Treasurer of Oklahoma County, George C. Keyes, County Assessor of Oklahoma County, Defendants-Appellees and Counter-Appellants, v. Jan Eric CARTWRIGHT, Attorney General of the State of Oklahoma, Defendant-Intervenor-Appellee.

Supreme Court of Oklahoma.

Rehearing Denied March 15, 1989.


Attorney(s) appearing for the Case

David E. Nichols, Peter T. Van Dyke, Lytle, Soule, Curlee, Harrington, Chandler & Van Dyke, Oklahoma City, for plaintiffs-appellants and counter-appellees.

Robert H. Macy, Dist. Atty., Phyllis L. Walta, Asst. Dist. Atty., Oklahoma City, for defendants-appellees and counter-appellants.

Michael C. Turpen, Atty. Gen. James B. Franks, Michael Scott Fern, Asst. Attys. Gen., Oklahoma City, for defendant-intervenor-appellee.


OPALA, Justice.

Oklahoma Industries Authority [OIA] and four of its lessees appeal from the trial court's decision that a private leasehold interest in tax-exempt property may be assessed an ad valorem tax based on the full value of the fee. Three issues are presented for review: [1] May a private leasehold estate in tax-exempt public-trust property be taxed to the lessee? [2] If the tax is proper, at what rate should it...

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