Job Tax Credit


Credit of $4,500 per job to offset up to 50% of franchise and excise (F&E) taxes in any given year with a carry forward for up to 15 years.

Create at least 25 net new full-time positions within a 36 month period and invest at least $500,000 in a qualified business enterprise.

Community Resurgence: Credit of $2,500 per each position.

Create 10 net new full-time jobs each paying the state‚Äôs average occupational wage and also be located in a census tract where poverty rate exceeds 30%. 

Tennessee is an ideal state for foreign companies seeking greater access to Eastern US markets. Tennessee's Department of Economic and Community Development work to proactively recruit international business well suited for the state. According to the Department, the state recieved 42 international committments in 2015, representing 7,815 jobs and $2.25 billion in capital investment. Tennessee has long standing business relationships with companies from Japan, Germany, Canada and the UK, among others.