Tennessee Taxpayers Gave $1 Billion in Corporate Welfare Last Year

Bernstein

You, the taxpayers of Tennessee, helped give away nearly $1 billion in tax credits to corporations who set up shop here last year. State law, as it turns out, forbids you from finding out exactly what kind of return you’re getting on your investment. In other words, even though the…

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Tennessee Loses Money Spending $17,500 Per Job to Lure 1,000 AllianceBernstein Employees to Nashville from New York City

Tennessee Capital building

A $17.5 million tax incentive from the state of Tennessee to lure 1,000 jobs to Nashville–$17,500 per job—came at the expense of taxpayers to lure well-paid corporate executives when they already were drawn to the state’s other features like a favorable tax structure, experts say. The Tennessee Department of Economic…

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Tennessee Pastors Network President Dale Walker Decries ‘Big Liquor’s’ Property Tax Break

On the heels of Governor Haslam’s signing a law to formally exempt a certain type of property tax of the world-famous distillery Jack Daniel’s Tennessee Whiskey Company, among others, Tennessee Pastors Network President fired back, denouncing the move as another victory for ‘Big Liquor.’ “Tennessee Republicans, the party of Big Liquor, continue to insult…

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Pure Foods Goes Bankrupt After Benefiting From $1.2 Million in Tennessee State Economic Development Funds

Less than two weeks before Governor Haslam introduced his IMPROVE Act centered on a gas tax increase for road funding, Pure Foods, Inc., a recipient of $1.2 million in state economic development funds, filed for bankruptcy.   The $1. 2 million from the state’s FastTrack Economic Development (ED) Fund did…

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