article thumbnail

Tennessee Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

For a list of Tennessee economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. Corporate Income or Excise Tax: Tennessee levies an excise tax of 6.5% The state of Tennessee does not have a throwback provision. FINANCING & GRANTS.

article thumbnail

COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

Buisness Facilities Contributed Content

This is especially true with the sites that are owned by local government units as they have generally completed the environmental review which then ends environmental liability for future users and property owners. TENNESSEE’S PIONEERING SITE-CERTIFICATION PROGRAM. The Select Tennessee program accepts applications twice a year.

Site 49
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75