Tennessee Enacts Employment Tax Credit

Tennessee Gov. Bill Haslam (R) March 13 signed into law legislation (S.B. 2213) that amends the job tax credit for employing people with disabilities to require a taxpayer claiming the credit to be a participant in an existing employment incentive program.

The job tax credit is a franchise tax credit that is available to employers for each new net full-time or new net part-time job that is available for the employment of people with disabilities receiving Tennessee state services directly related to disabilities. The credit is equal to $5,000 for each new net full-time job and $2,000 for ...