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Bill Title: 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-02-13 - Assigned to s/c Finance, Ways, and Means Subcommittee [HB1397 Detail]

Download: Tennessee-2019-HB1397-Draft.pdf

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