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INCENTIVE DESCRIPTION
| State: | TN |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Investment Credits |
| Description: | EXCISE/FRANCHISE TAX CREDIT Eligible businesses can receive a 1% excise tax credit for the purchase, installation, and/or repair of qualified industrial machinery and equipment, and the purchase of equipment by a distribution or warehouse facility (required $500,000 capital investment). The purchase of computers, networks, telephone and software systems can be considered to reach the required capital investment. Net operating loss may be carried forward 15 years. This credit applies to franchise tax as well. Unused credit may be carried forward for up to 15 years. |
| Eligibility Requirements: | Must be a qualified industry with required capital investments and completed required applications. |
| 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. |
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