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 public REIT.
Structure 2021 Tennessee Code
Chapter 4 - Privilege and Excise Taxes
Part 20 - Excise Tax Law of 1999
§ 67-4-2002. Tax for State Purposes Only
§ 67-4-2004. Parts 20 and 21 Definitions
§ 67-4-2005. Doing Business in State Is Taxable Privilege
§ 67-4-2015. Filing of Returns — Payment of Tax — Penalty
§ 67-4-2020. Taxes Collected From Loan and Related Companies