Brownfield Coalition of the Northeast - Tennessee Expands Brownfield Franchise and Excise Tax Credit

Tennessee Expands Brownfield Franchise and Excise Tax Credit

13 Jul 2020 2:48 PM | Anonymous member (Administrator)

@JDSUPRA update on what Tennessee is doing to incentivize brownfield redevelopment through F&E tax credits.

Tennessee Expands Brownfield Franchise and Excise Tax Credit

On March 20, Gov. Lee signed into law SB 2158/HB 2227, which amends the Tennessee statute governing franchise and excise (F&E) tax credits available for brownfield redevelopment. Effective July 1, 2020, the law creates significant new opportunities to incentivize brownfield redevelopment in Tennessee through F&E tax credits.