FSI, FPA fight state-level taxes on financial advisers
A bill in Tennessee would eliminate a privilege tax levied on investment advisers. A proposal to tax financial advice was stopped in Kentucky.
Trade associations representing financial advisers are busy this spring trying to ease state-level taxes on their members.
In Tennessee, the Financial Services Institute is lobbying for a bill that would eliminate a $400 annual tax on investment advisers, broker-dealers, attorneys and physicians
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