BUS-39 - Property Management Companies’ Management Fees are Taxable

People receiving or entitled to receive commissions, fees, service charges, or other income, credits or property value in money for services rendered concerning the sale or rental of real or personal property belonging to others, are liable for business tax on such receipts.

 

Reference: Tenn. Comp. R. & Regs. 1320-04-05-.41.

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