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TENNESSEE STATUTES AND CODES
67-6-223 - Property of proprietorship incorporated during tax period.
67-6-223. Property of proprietorship incorporated during tax period.
No tax is due with respect to tangible personal property of a sole proprietorship that becomes the assets of a corporation resulting from the incorporation of such sole proprietorship. Any such transactions are not a taxable event and shall not be deemed to be a sale under the provisions of this title.
[Acts 1994, ch. 965, § 1.]
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