INCENTIVE DESCRIPTION

State:	TN
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Jobs Credits
Description:	JOBS CREDIT: A Franchise/Excise Tax credit of $2,000 per new full-time employee ($4,500 in special enhancement counties). This credit can be applied to both the franchise and excise tax. The percentage of tax liability credit ranges from 33.3% to 100% based on employment totals in Tennessee. A higher credit of $5,000 per new full-time employee is available to businesses meeting one of the following: a) capital investments of at least $100 million creating at least 100 jobs, b) capital investment of at least $250 million creating at least 250 jobs, or c) capital investment of at least $500 million creating at least 500 jobs. This credit would be for a period of up to 3, 6, or 12 years, respectively.
Eligibility Requirements:	A minimum 25 new full-time jobs and additional capital investment of $500,000 and offer a minimal health care plan. For the higher $5,000 credit, the requirements for capital investment and number of jobs created must be met.
Geographic Restrictions:	Statewide
Granting Authority:	State of Tennessee

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.