Tennessee HB 1397: Taxes, Privilege - As introduced, exempts from real estate transfer tax, the transfer of any real estate where the transferor is a member, stock holder, or partner, the transferee is a limited liability company, corporation, or partnership, and the real estate so conveyed serves as a capital contribution to the business entity; also exempts transfers where the transferor is an LLC, corporation, or partnership, the transferee is an existing member, stock holder, or partner, and the property conveyed services as a distribution from the business entity. - Amends TCA Section 67-4-409.

Status: Assigned to General Subcommittee of Senate FW&M Revenue Subcommittee (as of 2019-04-02)

State: Tennessee · Session: 111 · Bill: HB 1397

Subjects: Taxes, Privilege

Sponsors: Kumar, Yarbro

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