Tennessee Top Credits & Incentives

Incentives are available for companies expanding within the state or relocating to the state.  The amount and duration of the incentives depends on the type of company, number of jobs created and the amount of capital invested.  

Back to Tennessee Tax Credits

Standard, Enhanced, Super Job Tax Credits

In order to qualify for the job tax credit, the qualified business enterprise must make the required capital investment and create the minimum number of qualified jobs within the investment period. All requirements for the standard credit must be met before claiming any of the credits.

Program Overview


Credit Types

  • Franchise & Excise Tax

Credit Amount

  • Standard Job Tax Credit – $4,500 per job
  • Enhanced Job Tax Credit – $4,500 per job
  • Adventure Tourism Job Tax Credit – $4,500 per job
  • Super Job Tax Credit – $5,000 per job

Investment / Job Minimums / Credit Duration by Program Type and County Tier

Standard

  • Tiers 1 & 2 / 25 Jobs / 1 year
  • Tier 3 / 20 Jobs / 1 year
  • Tier 4 / 10 Jobs / 1 year

Enhanced 

  • Tier 2 / 25 Jobs / 3 years
  • Tier 3 / 20 Jobs / 5 years
  • Tier 4 / 10 Jobs / 5 years

Adventure Tourism

  • (Tier 1) /  500K / 25 Jobs / 3 years
  • (Tier 2) / 500K / 19 Jobs / 3 years
  • (Tier 3) / 500K / 13 Jobs / 5 years
  • (Tier 4) / 500K / 10 Jobs / 5 years

Super Jobs

  • 10M / 100 Jobs / 3 years 
  • 100M / 100 Jobs / 3 years
  • 250M / 250 Jobs / 5 years
  • 500M / 500 / 12 years
  • 1B / 500 / 20 years

Special Designations

  • Community Resurgence Job Tax Credit ($0 investment, 10 minimum jobs, $2,500 per job)

Requirements

  • Minimum increases range from 2-25 jobs based on tier/designation.
  • Full-time employees only (37.5 hours per week for 12 consecutive months)
  • Job cannot have existed in TN in the past 90 days
  • New jobs must account for any reduction in full-time job positions in Tennessee (statewide)
  • Minimum heathcare must be provided
  • Investments must be related to new jobs

Carryforward

  • Unused credit can be carried forward for 15 years

 

Eligible Industry

 

  • Headquarters — Administrative, research and development, planning, marketing, personnel, legal not manufacturing, distribution, wholesaling or call centers
  • Manufacturing — Principle business is fabricating or processing of tangible property for resale
  • Data Centers — Building or buildings, either newly constructed or remodeled, housing high-tech computer systems and related equipment
  • Warehousing and Distribution — Storage or distribution of finished tangible personal property. Does not include a location where tangible personal property is processed, manufactured, sold to customers or assembled
  • Call Centers — Uses telecommunications in customer service, soliciting sales, reactivating accounts, surveys or research, fundraising, collecting receivables, reservations, taking or receiving orders.

    Authority

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