Appeal of Novartis Vaccines and Diagnostics, Inc.

COA11-1592, Appeal of Novartis Vaccines and Diagnostics, Inc. v. Wake County, Court of Appeals case of 10 PTC 434 and 11 PTC 28. "HHS' ownership interest was 40% of that total value, as the Property Tax Commission determined, Accordingly, we affirm."

10 PTC 434 and 11 PTC 028, Appeal of Novartis Vaccines and Diagnostics, Inc. v. Wake County, denial of property tax exemption, vaccine manufacturing facility. "Appellant has sustained its burden of establishing that, as of the assessment date of January 1, 2010, the Federal Government owned 40% of the Holly Springs Facility and the Federal Government's 40% interest in the Holly Springs Facility is exempt from taxation."