Tennessee Franchise Tax Repeal, Refund Appears To Be Headed To Conference Committee
Tennessee’s Franchise Tax Repeal And Rebate Appears Headed To Conference Committee After The Senate Refused To Concur With House Amendments Thursday.
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Economic Incentives
Bridgetown Foods Gets $1.3M Incentive Grant For Lebanon Facility
Bridgetown Natural Foods Is Receiving $1.3 Million Through Incentives For Its $78.3 Million Manufacturing And Distribution Facility In Tennessee.
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Custom Foods Of America Gets $1.5M, NewBasis $900K In TNECD Incentives
Custom Foods Of America In Knoxville Will Receive A $1.5 Million Incentive While NewBasis In Lebanon Will Get $900,000 From Tennessee’s Department Of Economic And Community Development As More Than $10 Million In Incentives Were Approved Unanimously Without Board Discussion At Thursday’s State Funding Board Meeting.
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Axle Logistics Gets $5M, Vonore Fiber Products $2.25M From TNECD
Tennessee’s Department Of Economic & Community Development Is Giving Axle Logistics A $5 Million Incentive For Its $37.9 Million Expansion In Knoxville. The Board Is Also Set To Approve $2.25 Million For Vonore Fiber Products In Monroe County, $1 Million For Florim USA In Clarksville And Yet-To-Be-Named $1.5 Million And $900,000 Incentives.
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TNECD Granted $76.3M In Incentives At $5,895 Per Promised Job In ’23
Tennessee Gave Out An Average Of $5,895 In FastTrack Incentive Grants For Each Promised Job In 2023, Down From $7,385 In 2022, According To Data From Tennessee’s Department Of Economic And Community Development.
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When Corporate Welfare Fails, Who Pays The Bill?
As Nashville Says Goodbye To SmileDirectClub, Tennessee Taxpayers Also Say Goodbye To $10.4 Million Of Their Hard-Earned Money That The State Invested In A Now-Failed Corporation.
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7 Big Tennessee News Stories That’ll Blow Your Hair Back! – TTC’s Big 7 Weekend Update!
Brandon Bringing You News You Can Use, That Is Not Meant To Confuse Conservative Republicans Into Thinking That Those Masquerading In Tennessee Media Actually Give A Rip About Your Republican Values!
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Tennessee FastTrack Incentives Program Has $78M Budget Request
Tennessee’s Department of Economic & Community Development asked for $78 million for its FastTrack business incentive program next budget year.
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Tennessee’s Budget Sees Impact Of Tax Cuts And No New Untapped Revenue Sources
Two Things Have Driven Tennessee’s Massive Rise In State Revenues Over The Past Five Years: The Ability To Collect Taxes On Internet Sales And An Enormous Growth In Franchise And Excise Tax Collections. But As The Online Sales Tax Money Becomes A Normal Part Of The State Budget And Lawmakers’ 2023 Franchise And Excise Tax Cuts Go Into Effect, The Days Of Significant Revenue Growth Are Likely In The Rearview Mirror.
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