HB1080 — Taxes, Excise - As introduced, redefines "passive investment income" for family-owned noncorporate entities to include rents from commercial property for entities who qualified as an obligated member entity as of January 1, 2019. - Amends TCA Section 67-4-2008.

HB1080 — Taxes, Excise - As introduced, redefines "passive investment income" for family-owned noncorporate entities to include rents from commercial property for entities who qualified as an obligated member entity as of January 1, 2019. - Amends TCA Section 67-4-2008. · Informed CitizenryHB1080 amends Tennessee Code Annotated Section 67-4-2008 to redefine 'passive investment income' for family-owned noncorporate entities. Specifically, it adds that for entities that qualified as an…Open in Informed Citizenry