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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Ford’s Blue Oval Projects In Tennessee, Kentucky Move Forward Despite Michigan Stoppage

Ford Has Halted Construction On An Electric Vehicle Battery Plant In Michigan But Construction Is Ongoing And Not Interrupted On Large-Scale Projects In Tennessee And Kentucky.

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Tennessee To Give Ford Electric Truck Supplier $13M In Incentives

Tennessee Has Committed To Give $13 Million In Incentives To A Supplier For Ford’s New Electric Truck Factory At BlueOval City.

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Magna, Ford Electric Truck Supplier, To Build Three Facilities In Tennessee

A Supplier Will Spend $790 Million To Build Two Facilities At Blue Oval City To Supply Ford’s New Electric Truck Factory, According To Tennessee’s Department Of Economic And Community Development.

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Tennessee Attorney General Threatens Fortune 100 Companies Order With Legal Action For Race-Based Policies

Attorney General Jonathan Skrmetti Is Leading A Coalition Warning The Nation’s Largest Companies — Many Of Which Have Diversity And Equity Programs — They Could Face Legal Action For Using Race-Based Policies.

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Multi-Billion Dollar Corporations Get Billions More In Taxpayer Dollars For Doing Business In Tennessee

Companies Worth Many Billions Of Dollars Are Set To Receive Billions More In Grants And Loans For Doing Business In Tennessee. FedEx Will Get A $2 Million Grant, And Ford Motor Company Has Been Conditionally Approved For A $9.2 Billion Loan.

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Tennessee Spent $81M On Site Development Grants Since 2016

Tennessee Has Spent More Than $81 Million On Its Site Development Grant Program To Help Pay To Get Rural Industrial Sites Prepared For Businesses Since The Program Began In 2016.

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Large Economic Incentives Like Those In Tennessee Increasing Exponentially

Billion-Dollar Economic Incentives, Including The One That Tennessee Gave To Ford For Its Plan To Build A $5.6 Billion Electric Truck Plant Outside Memphis, Are Increasing Across The Country, According To A New Report From The Center For Economic Accountability.

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