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01/13/21 REVISOR EAP/HR 21-01750 <br />19.1 (i) an entity electing S corporation status under section 1362 of the Internal Revenue <br />19.2 Code; <br />19.3 (ii) an entity taxed as a partnership under subchapter K of the Internal Revenue Code; <br />19.4 (iii) a single -member limited liability company or similar entity, regardless of whether <br />19.5 it is taxed as an association or is disregarded for federal income tax purposes under Code <br />19.6 of Federal Regulations, title 26, section 301.7701-3; or <br />19.7 (iv) a trust to the extent the property is includable in the decedent's federal gross estate; <br />19.8 but excludes <br />19.9 (v) an entity whose ownership interest securities are traded on an exchange regulated <br />19.10 by the Securities and Exchange Commission as a national securities exchange under section <br />19.11 6 of the Securities Exchange Act, United States Code, title 15, section 78f. <br />19.12 EFFECTIVE DATE. This section is effective the day following final enactment, except <br />19.13 that changes incorporated by federal changes are effective retroactively at the same time <br />19.14 the changes were effective for federal purposes. <br />Sec. 16. 19 <br />