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: | 2019 |
| Program name: | Industrial Machinery Program |
| Program purpose: | Manufacturing development |
| Statutory authority: | TCA 67-4-2009 |
| Abating jurisdiction(s): | State of Tennessee |
| Applicable taxes: | Franchise Tax; Excise Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | Recapture provisions provide that, if the required purchase amountof equipment is not met during the investment period, the taxpayer shall be subject to an assessment equal to the amount of the credit taken for which the taxpayer failed to qualify plus interest. |
| Gross revenue loss: | $50,905,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $50,905,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.tn.gov/finance/rd-doa/fa-accfin-ar.html |
