Statutes > Tennessee Statutes > Title 48 - Corporations And Associations > Chapter 101 - Special Purpose Corporations and Associations > Part 8 - Tennessee Revised Nonprofit Limited Liability Company Act > 48-101-807 - Limitation on tax liability Annual filings.

48-101-807 - Limitation on tax liability Annual filings.

48-101-807. Limitation on tax liability Annual filings.

Consistent with § 67-4-2007(d) for excise tax purposes and § 67-4-2106(c) for franchise tax purposes, a nonprofit LLC shall be disregarded as an entity separate from the nonprofit corporation that is the sole member of the nonprofit LLC for purposes of all state and local taxes. The nonprofit LLC shall file annual reports and other filings with the office of the secretary of state as required of all LLCs.

[Acts 2006, ch. 620, § 8.]