NFIB

Small Biz Update -- May 9
This week, NFIB members and friends spoke loudly and clearly about a controversial provision in the administration's end-of-session technical corrections package. The provision in question would remove a franchise and excise tax exemption on family-owned non-corporate entities, or FONCEs, which are certain limited liability corporations and limited partnerships that derive passive income through commercial property. Many Tennessee small business families have FONCEs.
more