Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Franchise and excise tax credits for Tennessee businesses creating at least 25 new full-time jobs (10 in rural counties) paying 110% of state or county average wages. Credit of $4,500–$5,500 per new job, usable for up to 15 years to offset tax liability.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum 25 new full-time jobs (10 in enhancement counties)
2.Average wage must equal 110% of state or county average
3.Capital investment required
4.Credit: $4,500–$5,500 per job
5.Credit usable over 15 years against franchise/excise tax
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Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).