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INCENTIVE DESCRIPTION
| State: | TN |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Other Tax Credits |
| Description: | 1) THE DAY CARE INCENTIVE- Credit against corporate franchise and excise taxes for businesses that establish a day care center for employee's children. 2) Offers "Double Weighting" of Tennessee sales for franchise and excise taxes. |
| Eligibility Requirements: | Applies to both Franchise and Excise Tax. 25% of the cost of a day care facility not to exceed $25,000 per facility with a max of $100,000 |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of Tenneessee |
| 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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