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TN
Tennessee TNECD Industrial Machinery Tax Credit – Clean Manufacturing
Tennessee Industrial Machinery Tax Credit provides 1% to 10% credit for purchasing, installing, and repairing qualified industrial machinery, which can include clean energy production equipment and energy-efficient manufacturing machinery. Offsets up to 50% of F&E tax liability with a 25-year carry forward.
About this program
Visit the program website for full details.
Eligibility
Tennessee manufacturing businesses and qualifying industrial operations that purchase, install, and repair qualified industrial machinery including clean manufacturing and energy-efficient production equipment.
Requirements
- Must be a Tennessee manufacturing or qualifying industrial business
- Must purchase, install, or repair qualified industrial machinery
- Credit offsets up to 50% of franchise and excise tax liability