Tennessee Business Advantages
A “Right-to-Work” state, Tennessee:

• Is consistently one of the lowest per capita taxed states in the nation
• Has no state sales tax on manufacturing equipment for qualified manufacturers
• Has no sales tax on pollution control equipment
• Has no sales tax on raw material
• Has no state property tax
• Has no property tax on work in progress or finished product inventories
• Offers an investment tax credit of 1%
• Offers a franchise tax jobs credit
• Offers accelerated depreciation on personal property
• Offers Infrastructure and training grants up to $750,000
• Offers reduced sales tax on energy fuel and water for qualified manufacturers
• Offers "double weighting" of Tennessee sales for franchise and excise taxes