Tennessee lags other states in tax credit transparency
(Update 2-8-2020: The most recent annual report on claimed tax credits from the year ending in mid-June shows the annual carryover liability has grown to $1.3 billion. You'll find this information in the footnotes.) When it comes to transparency of state business tax credits given to companies as part of economic development programs, Tennessee lags other states in how much it reveals to the public. The amount carried over in economic development tax credits to be used by businesses against future taxes is nearly $1 billion in Tennessee. But who is receiving the credits is confidential, the state says, unlike in other states. The Department of Revenue last [...]