Tennessee Small Business Investment Company Credit Act (Tennessee)

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Last modified on February 12, 2015.

EZFeed Policy

Place Tennessee


   
Applies to States or Provinces Tennessee
Name Tennessee Small Business Investment Company Credit Act (Tennessee)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive, Sales Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Tennessee Department of Economic and Community Development
Primary Website http://www.tn.gov/ecd/tninvestco/pdf/Overview_of_TSBICCA_Revised.pdf
Applicable Jurisdiction Statewide


Last Review 2014-09-15


Information Source http://www.tennessee.gov/ecd/tninvestco/overview.html


Summary

The Tennessee Small Business Company Credit Act offers $120 million in gross premiums tax credits to insurance companies that invest in companies certified by the State of Tennessee as TNInvestcos. Utilizing standardized criteria, Tennessee Department of Economic and Community Development (ECD) and the Tennessee Department of Revenue, in conjunction with the Tennessee Technology Development Corporation, will begin to award the credits to eligible companies in $20 million credit allocations no later than December 31, 2009.



Policy Contact

Contact Name Bill Hagerty
Department Tennessee Department of Economic and Community Development
Division Commissioner
Address Eleventh Floor
Address 2 312 Rosa L. Parks Avenue
Place Nashville, Tennessee
Zip/Postal Code 37243
Phone 615-741-1888


Email Bill.Hagerty@tn.gov

Contact Name Bestsy Van Dam
Department Tennessee Department of Economic and Community Development
Division Executive's Assistant
Address Eleventh Floor, 312 Rosa L. Parks Avenue

Place Nashville, Tennessee
Zip/Postal Code 37243
Phone 615-741-8915


Email Betsy.Vandam@tn.gov

     

Authorities (Please contact the if there are any file problems.)

Authority 1: House Bill no. 2085
Date Effective 2009-06-18



















References