On March 30th and April 2nd, Tennessee Gov. Bill Lee issued Executive Orders No. 22 and No. 23, respectively, which instituted a statewide Safer at Home Order to remain in effect until April 14, 2020. Many cities and counties...more
On April 30, 2019, Tennessee Gov. Bill Lee signed into law Public Chapter No. 265 (Senate Bill No. 708 or “S.B. 708”), amending the provisions of Tenn. Code Ann. § 67-5-502 relating to the taxation of leasehold interests....more
Section 118 provides “[i]n the case of a corporation, gross income does not include any contribution to the capital of the taxpayer.” The regulations promulgated under Section 118 under prior law provide, with respect to...more
5/17/2018
/ Capital Contributions ,
Corporate Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Property Tax ,
Shareholders ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
Tax Increment Financing ,
Tax Reform ,
Trump Administration