TN – Sales and Use Tax Credit for Emerging Clean Energy Industry Recruitment/Support

Title: Sales and Use Tax Credit for Emerging Clean Energy Industry Recruitment/Support

Details:

The Sales and Use Tax Credit for Emerging Clean Energy Industry Recruitment/Support is an Industrial and Commercial program for those who have energy efficient improvements made with the following: Solar Thermal Process Heat, Photovoltaic, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Geothermal Heat Pumps, Hydrogen, “Clean Energy Technology”, Solar Pool Heating, Anaerobic Digestion, Small Hydroelectric, Other Distributed Generation Technologies, Solar Water Heat, Solar Space Heat, and Solar Thermal Electric. The program offers to reduce the tax rate to .5%. The following legislation set up this program: Tenn. Code § 67-6-232 and S.B. 2300. For more details use the following links and contact below:

http://www.tn.gov/ecd/BD_green_tax_credits.html

Contact for more information:

Department of Revenue Information
Tennessee Department of Revenue
Andrew Jackson Building, Room 1200
Nashville, TN 37242-1099
Phone: (615) 741-2461
E-Mail: TN.Revenue@tn.gov
Web Site: http://www.tennessee.gov/revenue/

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