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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.

Effected JurisdictionTennessee
Jurisdiction type: State
Fiscal year ending In2018
Program nameHeadquarters and Other Qualified Facilities Program
Program purpose: Business attraction/retention/expansion
Statutory authority: TCA 67-6-224 and TCA 67-6-232
Abating jurisdiction(s): State of Tennessee
Applicable taxesSales and Use Tax
Method of abatement: Tax Credit
Provisions for recapture: TCA 67-6-224 and TCA 67-6-232 provide clawback provisions if the qualified facility does not maintain the required fulltime staff positions, or is not utilized as a headquarters facility or facility to support an emerging industry or a major cultural attraction for a period of at least ten (10) years.
Gross revenue loss: $2,850,000
Reimbursement / offset: $0
Net revenue loss: $2,850,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.tn.gov/finance/rd-doa/fa-accfin-ar.html