Wal-Mart Real Estate Business Trust, Relator v. County of Anoka

Summary

The court held that retail properties containing businesses operated by franchisees are income-producing properties under the mandatory-disclosure statute, even when the property owner does not directly receive the income. It also held that the owner's abbreviated disclosures failed to provide the statutorily required information, requiring dismissal of the tax petitions. The court therefore affirmed the tax court's dismissals.