Company: Lax, Ronald L. Parent Company: Subsidy Source: local Location: Tennessee County: Shelby Year: 2011 Subsidy Value: undisclosed Program Name: County PILOT agreements Type of Subsidy: property tax abatement Capital Investment: $1,200,000 Source of Data: (click here) Notes: Entry was included on a 2011 list of projects reported by Industrial Development Boards in which the board holds title to a commercial property built by a private company, making it exempt from property taxes. The subsidy value, which is the difference between what property taxes would be and the payment in lieu of taxes (PILOT) made by the company, is not available. The original source has the PILOT payments and the length of the agreement. The investment figure is the estimated market value of the property. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.