Tennessee job tax credit
Tax credit
Agency: Tennessee Department of Revenue. Agency source
This directory is not tax advice. Confirm eligibility, tax-year rules, deadlines and filing requirements with a tax professional.
Check program requirements [Tennessee Revenue job tax credit]
- Who qualifies
- Qualified enterprises investing at least $500,000 and creating the required full-time jobs: 25 in tiers 1–2, 20 in tier 3 or ten in tier 4. [Tennessee Revenue job tax credit]
- What it’s worth
- Generally $4,500 per qualifying job; usable against up to 50% of franchise and excise tax liability, with a 25-year carryforward. [Tennessee Revenue job tax credit]
- How to claim
- Submit a Job Tax Credit Business Plan to Revenue for tentative approval before claiming the credit. [Tennessee Revenue job tax credit]
- Deadlines and application windows
- Investment period is generally three years, or five years in tier 3 or 4 enhancement counties. Confirm the approved plan’s dates. [Tennessee Revenue job tax credit]
Amounts are subject to the conditions in each listing. A source review does not mean applications are open or that a business qualifies.
Official sources
Listing reviewed