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Negotiated Credits and Incentives

LBMC's negotiated incentives group advises clients on the nuances of garnering discretionary incentives at the federal, state, and local level and ensures ongoing compliance to reduce the risk of claw-backs. Discretionary incentive opportunities include:

  • Manufacturer Tax Credits
  • R&D Tax Credits
  • Relocation Credits
  • Property Tax Abatement
  • Sales and Use Tax Exemptions
  • Reduced Costs for Establishing or Relocating Corporate Headquarters
  • Incentives for New, Expanded, and Relocated Facilities
  • Favorable Financing
  • Subsidized Training and Recruiting
  • Streamlined Permitting and Approvals

Work Opportunity Tax Credit
Work Opportunity Tax Credit

Hire individuals from targeted groups; Credit $2400 - $9600 per qualified hire

Research and Development Credit
R&D Credit

Expenditures related to the development or improvement of a product; 20-year carry-forward

TN Job Tax Credit
TN Job Tax Credit

Create 25 new jobs within a 36 month period with $500,000 investment; Credit $4500 per job to offset up to 50% of franchise and excise taxes


TN Industrial Machinery Credit

Credit 1% - 10% of purchase, installation, and repair of industrial machinery (including R&D equipment)

Tennessee-Specific Credits and Grants Overview

Tennessee has its own credits and incentives to spur economic opportunities in the state. LBMC is based in Nashville, Tennessee. No one can navigate the state's credits and incentives laws as well as us.

  • Community Resurgence Jobs Credit
  • Economic Development Council Credits
  • Enhancement County Incentives
  • Fast Track Infrastructure Program
  • Fast Track Job Training
  • Film Incentives
  • Industrial Machinery Tax Credit
  • Standard Job Tax Credit
  • Enhanced Job Tax Credit
  • Super Job Tax Incentive
  • Manufacturer Tax Credits
  • R&D Credits
  • Relocation Credits
  • Sales And Use Tax Exemptions
    • Call Centers
    • Data Centers
    • Headquarters
    • Manufacturing
    • Warehouse/Distribution

AICPA

TSCPA

Don't Miss Out on Federal Tax Credits

Alternative Simplified Credit (ASC)

The Alternative Simplified Credit (ASC) is an alternative method used to compute R&D tax credits. Companies using the ASC method may be able to claim R&D credits even in cases where they do not qualify for traditional tax credits. Beginning in 2015, ASCs are also available on amended returns.

Low-Income Housing Tax Credits (LIHTC)

Low-income housing tax credits are dollar-for-dollar federal tax credits that are allocated and administered by individual state housing agencies. These credits provide funding for the development costs of low-income housing projects by allowing investors to offset up to 70 percent of the present value of the costs incurred in developing low-income units for rental housing projects. Each state administers its LIHTC program differently and the specific requirements of the program change from year to year.

Contact Us Today

The State and Local Tax team at LBMC is ready to help you maximize your return on investment and answer any state-specific questions you may have.

Andrew Hill, JD
Manager, State and Local Tax

Eddie Bringhurst, CMI
Director of State and Local Tax

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