Clayton County Board of Tax Assessors v. Aldeasa Atlanta Joint Venture.

Summary

The Supreme Court of Georgia affirmed the trial court, holding that the Concessions Agreement created only a usufruct, not a taxable estate, that the former OCGA §6-3-21 does not authorize taxation of such usufructs, that Aldeasa's rights are not a taxable franchise, and that leasehold improvements are not taxable because Aldeasa lacks an estate in the property.