Department of
Economic & Community Development
Matthew Kisber, Commissioner

Tax Incentives

Tennessee has long been considered a state with one of the most business-friendly economic climates in the nation. With one of the nation’s lowest per capita tax burdens, no tax on personal income and no state property tax, Tennessee has attracted more than 179,000 new jobs and more than $29 billion in new capital investment in the last seven years alone.

Tennessee does not take a “one-size-fits-all” approach and evaluates and changes its incentive offerings annually to meet the needs of business in the current economic environment. That’s why the respected publication Site Selection magazine ranked Tennessee #1 among the 50 states for economic development competitiveness, giving the state the magazine’s prized Competitiveness Award in 2008.