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The Rural Opportunity Initiative Enhanced Job Tax Credit (Tennessee)

Eligibility 
Agricultural
Commercial
Construction
General Public/Consumer
Industrial
Installer/Contractor
Investor-Owned Utility
Local Government
Municipal/Public Utility
Rural Electric Cooperative
Utility
Savings Category 
Fuel Cells
Photovoltaics
Program Info
State 
Tennessee
Program Type 
Corporate Tax Incentive
Personal Tax Incentives
Provider 
Tennessee Department of Economic and Community Development

The Rural Opportunity Initiative Enhanced Job Tax Credit program provides enhanced job tax credits to businesses locating or expanding in certain Tennessee counties considered Tier 2 or Tier 3 Enhancement Counties, which are rural areas targeted for economic development. If a qualified business enterprise locates or expands in a Tier 2 or Tier 3 Enhancement County, the company will be eligible for an annual Enhanced Job Tax Credit of $4,500 for each qualified job, provided that the job remains filled during the year in which the credit is being taken. The annual credit may be used to offset up to 100% of the company's total franchise and excise (F&E) tax liability each year for a three-year period in Tier 2 counties and a five-year period in Tier 3 counties.