Bailey Jr., Olen M.
November 2009
Tennessee Bar Journal;Nov2009, Vol. 45 Issue 11, p12
The article focuses on the particulars of Family Owned, Non-Corporate Entity Exemption (FONCE) in Tennessee. It explains that the FONCE tax exemption can be applied to the state franchise tax and to the state excise tax. It also discusses various topics concerning FONCE including the relationship of the FONCE to the Estate Planning, Impact of the FONCE on the State Revenues, and the impact of FONCE on the existing Estate Plans.


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