INCENTIVE DESCRIPTION

State:	TN
Incentive Type:	Sales and Use Tax Incentives
Incentive Title:	Other Tax Incentives
Description:	1) HEADQUARTERS INCENTIVE: A qualified headquarters facility locating in this state shall be eligible for a credit of all state sales and use tax paid except tax at the rate of 0.5% on qualified tangible personal property. 2) HEADQUARTERS CREDIT- Reduction of state sales tax from 7 percent to .5 percent on building materials, machinery and equipment used in the construction or remodeling of a qualified headquarters facility.
Eligibility Requirements:	1)Minimum Investment: (a)$50 million in building or buildings either newly constructed, expanded, or remodeled, or (b)$20 million in building or buildings either newly constructed, expanded, or remodeled along with the creation of 200 new full-time jobs with average wages of 200% of the average in county or MSA. 2)
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.