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.
| State or Territory: | Tennessee |
| Effected Jurisdiction: | Tennessee |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2018 |
| Program name: | Headquarters 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 taxes: | Sales 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 source: | https://www.tn.gov/finance/rd-doa/fa-accfin-ar.html |
