Today is Tuesday, 19th November 2024

TN: Democrat Governor Calls Family Tax Break ‘Illegitimate’

From Knox News:

Gov. Phil Bredesen’s effort to end a tax exemption for commercial rental properties owned by family partnerships is shaping up as one of the more contentious issues in this year’s legislative session.

The governor recently said it’s unfair for family-owned noncorporate entities to be shielded from taxes while similar businesses controlled by unrelated investors are required to pay them.

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