INCENTIVE DESCRIPTION

State:	TN
Incentive Type:	Property Tax Incentives
Incentive Title:	Property Tax Abatements
Description:	PROPERTY TAX PILOT ABATEMENT The PILOT program allows for a property tax abatement for a negotiated designated term (typical terms are from 3 - 13 years) and percentage amounts. Typically the PILOT abatement freezes the property tax assessments for a defined period. This discretionary abatement is based upon number of new jobs, wages, and capital investment. The PILOT abatement requires either the use of an Industrial Revenue Bond (IRB) or a structured lease with the Development Authority. The PILOT property tax abatement award is at the discretion of each county.
Eligibility Requirements:	Must be a qualified industry filing required formal applications and obtaining an IRB or structured lease agreement.
Geographic Restrictions:	Statewide
Granting Authority:	State of Tenneesee

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.