Tennessee Job Tax Credit Business Plan

Job Tax Credit Business Plan
Franchise and Excise Tax - Job Tax Credit Business PlanRV-F1308601 (9/18)

TENNESSEE DEPARTMENT OF REVENUE
Franchise and Excise Tax
Job Tax Credit Business Plan

Taxpayer Name
Mailing Address

Street

Account Number

FEIN

City

State

ZIP Code

Capital Investment and Job Creation
Principal Business Activity

Investment Period: From

Amount of Required Capital Investment

Number of New Jobs

Briefly describe your planned capital investment and the estimated increase in qualified jobs:

Qualified Business Enterprise (check all that apply)
Call center
Convention or trade show facility
Tourism related businesses

Manufacturing
Processing tangible personal property
Computer services
Headquarters facility
Aircraft repair service facility
Warehousing and distribution
Research and development

Promotes high skill, high wage jobs in high technology area,
emerging occupations, or skilled manufacturing
Back office operations
High poverty area

Job Tax Credit (check the box next to the level of credit for which you are applying)

(a) Standard Job Tax Credit - Tenn. Code Ann. § 67-4-2109(b)(1)
County

(b) Additional Annual Job Tax Credit for Enhancement Counties - Tenn. Code Ann. § 67-4-2109(b)(2)(A)
County

(c) Additional Annual Job Tax Credit for Adventure Tourism District - Tenn. Code Ann. § 67-4-2109(b)(2)(C)
County
Adventure Tourism District
(d) Additional Annual Job Tax Credit for Higher Level Investments - Tenn. Code Ann. § 67-4-2109(b)(2)(B)
(i) $1,000,000,000 investment with at least 500 new industrial wage jobs
(ii) $500,000,000 investment with at least 500 new industrial wage jobs
(iii) $250,000,000 investment with at least 250 new industrial wage jobs
(iv) $100,000,000 investment with at least 100 new industrial wage jobs
(v) Headquarters facility with a $10,000,000 investment and at least 100 new headquarters staff employees

(e) Community Resurgence Job Tax Credit - Tenn. Code Ann. § 67-4-2109(q)
Physical Location Address

Census Tract

Data Center Certification - Required by qualified data centers - Tenn. Code Ann. § 67-6-206
By checking this box and signing below, I certify that the taxpayer has not, within the previous 12 months, been found to
be in violation of the Worker Adjustment and Retraining Notification Act, the Fair Labor Standards Act of 1938, or federal
immigration laws.
The statements made on this business plan are true to the best of my knowledge and belief.
Taxpayer’s Signature

Title

Date

Telephone

Instructions: Franchise and Excise Job Tax Credit Business Plan
General Information
Who must file: A qualified business enterprise must file this business plan in order to qualify for the job tax credit
provided by Tenn. Code Ann. § 67-4-2109(b) or (q).
When to file: The business plan must be filed and approved before any job tax credit can be taken on the franchise
and excise tax return.
Complete the Business Plan by providing the complete legal name of the taxpayer, mailing address, FEIN, and
franchise and excise tax account number. The account number may be found by using the account number online
search available on the Department’s website at www.tn.gov/revenue.
If the entity creating the jobs is a disregarded single member limited liability company whose single member is a
corporation, the entity indicated on the business plan should be the corporate member, since it is the taxpayer for
franchise and excise tax purposes.
All entities must sign and date the business plan at the bottom of the page.
Capital Investment and Job Creation
Principal business activity: Describe the taxpayer’s principal business activity in Tennessee.
Investment period: Enter the beginning date (which is the effective date of the business plan) and ending date of
the period during which qualified jobs will be created as a result of a required capital investment. The investment
period cannot exceed three years. Jobs created outside the investment period do not qualify for job tax credit. The
investment period may be extended under certain circumstances upon request to the Commissioner of Economic
and Community Development.
Amount of required capital investment: The amount of investment to be made in real property, tangible personal
property, or computer software owned or leased in Tennessee and valued in accordance with GAAP. The capital
investment is deemed to have been made as of the date of payment or the date the business enterprise enters into
a legally binding commitment or contract for purchase or construction. Only capital investments made within the
investment period are considered in determining the amount of capital investment made.
Number of new jobs: Enter the number of qualified new jobs to be created during the investment period. A qualified
job is generally a permanent employment position, rather than seasonal or part-time, in a qualified business
enterprise that lasts at least 12 consecutive months for at least 37 ½ hours per week with minimum health care. The
job position is considered new if it did not exist anywhere in Tennessee for at least 90 days prior to being filled.
Adventure tourism job creation: The job position may meet the definition of a qualified job, as provided in Tenn.
Code Ann. § 67-4-2109(a)(6)(A)(ii), if it is created on or after July 1, 2017, and a majority of the duties of the job
position involve adventure tourism, as defined in Tenn. Code Ann. § 11-11-203, in an adventure tourism district.
A qualifying adventure tourism job does not require minimum health care and may be a seasonal or part-time
job. Seasonal and part-time adventure tourism jobs are counted as one-half of one job. An adventure tourism job
position is considered new if it did not exist anywhere in Tennessee for 36 months prior to being filled.
Describe the creation or expansion of the qualified business enterprise: Provide a brief description of the
investment made and how the investment relates to the number of qualified jobs created. Attach any
documentation that would support your description.
Qualified Business Enterprise
Check the box next to the type of business that is being created or expanded by the required capital investment.

Job Tax Credit
In order to qualify for the job tax credit, the qualified business enterprise must make the required capital
investment and create the minimum number of qualified jobs within the investment period. All requirements for
the standard credit must be met before claiming any of the credits in (b), (c), or (d).
(a) Standard Job Tax Credit
Provide the name of the county where the capital investment will be made and the jobs created.
County Tier

Minimum Investment

Minimum Qualified Jobs

Credit Per Job

Tier 1

$500,000

$4,500

Tier 2

$500,000

$4,500

Tier 3

$500,000

$4,500

Tier 4

$500,000

$4,500

(b) Tier 2, 3 and 4 Enhancement Counties
A list of enhancement counties is available on the Department of Revenue’s website at www.tn.gov/revenue.
County Tier

Minimum Investment

Minimum Qualified
Jobs

Credit Per Job

Duration of Annual
Credit

Tier 2

$500,000

$4,500

3 years

Tier 3

$500,000

$4,500

5 years

Tier 4

$500,000

$4,500

5 years

County Tier

Minimum Investment

Minimum Qualified
Jobs

Credit Per Job

Duration of Annual
Credit

Tier 1

$500,000

$4,500

3 years

Tier 2

$500,000

$4,500

3 years

Tier 3

$500,000

$4,500

5 years

Tier 4

$500,000

$4,500

5 years

(d) Higher Level of Investment and Job Creation
Minimum Investment

Minimum Qualified jobs

Credit Per Job

Duration of Annual Credit

$1,000,000,000

500

$5,000

20 years

$500,000,000

500

$5,000

12 years

$250,000,000

250

$5,000

6 years

$100,000,000

100

$5,000

3 years

$5,000

3 years

*$10,000,000
100
*Headquarters facility as defined in Tenn. Code Ann. § 67-6-224
(e) Community Resurgence Job Tax Credit
Minimum Investment

Minimum Qualified Jobs

Credit Per Job

$2,500

Data Center Certification
Tenn. Code Ann. § 67-6-206(d) requires that a data center qualified under that section, in order to qualify for the job
tax credit, must make the certification located on the first page of this plan. This box must be checked on business
plans filed by qualified data centers in order to qualify for the job tax credit.
Mail the completed Business Plan to:
Tennessee Department of Revenue
P.O. Box 190644
Nashville, TN 37219-0644
For tax assistance call (800) 397-8395 if you are located in Tennessee, or (615) 253-0700 if you are located in the
Nashville call area or out-of-state. For industrial recruitment information, call the Department of Economic and
Community Development at (615) 741-3282 if you are located in Tennessee or (800) 251-8594 if you are located outof-state.

Extracted from PDF file 2023-tennessee-form-fae-jobcredit.pdf, last modified September 2018

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More about the Tennessee Form FAE-JobCredit Corporate Income Tax Tax Credit TY 2023

Job Tax Credit Business Plan

We last updated the Job Tax Credit Business Plan in February 2024, so this is the latest version of Form FAE-JobCredit, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form FAE-JobCredit directly from TaxFormFinder. You can print other Tennessee tax forms here.

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Related Tennessee Corporate Income Tax Forms:

TaxFormFinder has an additional 65 Tennessee income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Tennessee Form FAE-JobCredit.

Form Code	Form Name
Form FAE-JobCreditDis	Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan Tax Credit

Download all TN tax forms View all 66 Tennessee Income Tax Forms

Form Sources:

Tennessee usually releases forms for the current tax year between January and April. We last updated Tennessee Form FAE-JobCredit from the Department of Revenue in February 2024.

Show Sources >

Form FAE-JobCredit is a Tennessee Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Tennessee Form FAE-JobCredit

We have a total of ten past-year versions of Form FAE-JobCredit in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form FAE-JobCredit