Entity classification amendment changes entitlement wording from limited liability partnership to person, broadening eligible beneficiaries under tax law. The textual substitution replaces the phrase referring to a limited liability partnership with wording referring to a person in the operative clause, ... Summary
Entity classification amendment changes entitlement wording from limited liability partnership to person, broadening eligible beneficiaries under tax law.
The textual substitution replaces the phrase referring to a limited liability partnership with wording referring to a person in the operative clause, thereby broadening the grammatical class of eligible recipients under the income tax provision and altering how the entitlement is attributed in that subsection.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.