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Tennessee Allows Single Receipts Factor Apportionment for Financial Asset Managers – Tax & Accounting Blog

Financial asset management companies can now use a single receipts factor in Tennessee to apportion net earnings and net worth. Companies can elect to use the single receipts factor after January 1, 2018.

Pub. Ch. 656 (S.B. 2256), Laws 2018, effective April 9, 2018, applicable as noted

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Author: CCHTaxGroup

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