INCENTIVE DESCRIPTION

State:	TN
Incentive Type:	Property Tax Incentives
Incentive Title:	Tax Increment Financing
Description:	TAX INCREMENT FINANCING Eligible businesses or projects at the discretion of the local county authority may qualify for Tax Increment Financing. These TIF's allow for the communities to provide upfront benefits that typically apply to the project's needed infrastructure improvements. However, the county may use the TIF proceeds for real estate and personal property improvements. Repayment of the bond debt is provided by the incremental real and personal property taxes over a designated base year amount.
Eligibility Requirements:	Must be a qualified business. Local county must enact a redevelopment plan. Must complete all required applications.
Geographic Restrictions:	Statewide
Granting Authority:	State of Tennessee & County Development Authority

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.