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Tennessee Legislation extending protections to private foundations set for House Floor Vote Monday night

 

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Tennessee State Representative - House District 67Nashville, TN – House Bill 423/Senate Bill 527 affords private foundations with protections from governmental intrusion

House Bill 0423, sponsored by Tennessee Representative Joe Pitts, adds a new section to the Tennessee Code that would make “private foundation” have the same meaning as it does in section 509(a) of the Internal Revenue Code of 1986 as amended.

A private foundation would not be required by state or local government to disclose the sensitive about the foundation’s employees, officers, directors, trustees, or contributors, without the prior written consent of the individual or individuals in question.

Tennessee State Representative Joe Pitts

Tennessee State Representative Joe Pitts

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