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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateTennessee
Effected JurisdictionTennessee
Jurisdiction type: State
Fiscal year ending In2017
Program nameIndustrial Machinery Program
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): State of Tennessee
Applicable taxesBiz Franchise/Excise Tax
Method of abatement: (not specified)
Provisions for recapture: Yes
Gross revenue loss: $45,065,000
Reimbursement / offset: $0
Net revenue loss: $45,065,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.tn.gov/finance/rd-doa/fa-accfin-ar.html