Franchise & Excise Tax - FONCE

You can read frequently asked questions about the Family Owned Non-Corporate Entity Exemption (FONCE) exemption for franchise and excise tax here.

• FONCE-1 - Qualification and Filing Requirements for the Family Owned Non-Corporate Entity (FONCE) Exemption
• FONCE-2 - Relationships That are Considered Family Members for the FONCE Exemption
• FONCE-3 - Entity Types That May Qualify for the FONCE Exemption
• FONCE-4 - The FONCE Exemption When No Income Was Generated
• FONCE-5 - The Definition of Passive Investment Income for the FONCE Exemption
• FONCE-6 - The Classification of Gains on the Sale of an Asset for the FONCE Exemption
• FONCE-7 - Passive and Non-Passive Rent for Purposes of the FONCE Exemption
• FONCE-8 - FONCE Exemption When Several Multiunit Properties are Owned
• FONCE-9 - Rents from a Tenant in Common (TIC) Interest with No Active Participation
• FONCE-10 - Passive Investment Income from Farming - FONCE