Statutes > Tennessee Statutes > Title 67 - Taxes And Licenses > Chapter 4 - Privilege and Excise Taxes > Part 20 - Excise Tax Law > 67-4-2019 - Exemption for distributions to publicly traded real estate investment trust.

67-4-2019 - Exemption for distributions to publicly traded real estate investment trust.

67-4-2019. Exemption for distributions to publicly traded real estate investment trust.

There shall be exempt from the payment of the excise tax levied under this part any person treated as a partnership for federal tax purposes that directly or indirectly distributes one hundred percent (100%) of its net earnings or net losses to a publicly traded real estate investment trust.

[Acts 2006, ch. 1019, § 12.]