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.

State: 
Tennessee
Reporting Jurisdiction: 
Tennessee
Jurisdiction type
State
Fiscal year ending In: 
2020
Program name: 
Warehouse or Distribution Facility and Qualified Data Center Programs
Program purpose
Economic development
Statutory authority
Tennessee Code Annotated 67-6-102(46); Tennessee Code Annotated 67-6-102(79)
Abating jurisdiction(s)
State of Tennessee
Applicable taxes: 
Sales and Use Tax
Method of abatement
Tax exemption
Provisions for recapture
Recapture provisions provide that, if the required investment is not made within the stipulated period; the taxpayer shall be subject to assessment for any tax, penalty or interest that would otherwise have been due.
Gross revenue loss
not reported
Reimbursement / offset
not reported
Net revenue loss
not reported
Type of loss
Active
Additional notes on dislosure: 
Since the tax returns filed with the state do not require the exempt sales or purchases to be reported by category, the amount of exempt purchases made by qualified warehouse or distribution centers or qualified data centers is only available in the books and records of the vendors and their customers. Thus, the estimate of the gross dollar amount, on an accrual basis, by which the state’s tax revenues were reduced by these exemptions, is not available. However, based on the applications received and approved during the fiscal year, the estimated equipment purchase amounts total $931 million.