TCA § 13-30-116 — Exemption from state taxes — Payment of unpaid taxes — Proceeds of sales — Revenue
The corporation is exempt from state taxation and may pay unpaid taxes or make required property improvements in exchange for a deed. Sale proceeds go back to the corporation, and the board of directors must hold corporate revenue.
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- Jurisdiction
- United States — Tennessee
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- Act or statute
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- Language
- en
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TCA § 13-30-116 — Exemption from state taxes — Payment of unpaid taxes — Proceeds of sales — Revenue
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