Examlex
Tier 1 in RTI is
State Law
consists of the laws and regulations enacted by the legislative bodies of individual states.
Passed Through
A term often used in finance and taxation to describe income, losses, or tax benefits transferred from one entity to another, such as in a pass-through entity.
Limited Liability Company
A business configuration that combines the beneficial limited liability of a corporation with the pass-through taxation system of partnerships or sole proprietorships.
Taxes
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
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