Tennessee Industrial Machinery Tax Credit
Supports Tennessee manufacturers with state tax incentives for qualifying industrial machinery upgrades and manufacturing competitiveness.
Tennessee's Industrial Machinery Tax Credit is a franchise and excise (F&E) tax credit administered by the Tennessee Department of Revenue (TN DOR). The base credit rate is 1% of the purchase price, third-party installation cost, or repair cost of qualifying industrial machinery placed into service in Tennessee. Enhanced credit rates — up to 10% — apply to machinery investments in Tier 2, Tier 3, …
Tennessee franchise and excise tax credit of 1–10% on the purchase, installation, and repair of qualifying industrial machinery used in manufacturing, warehousing, distribution, R&D facilities, and call centers.
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