Enhanced Industrial Machinery Tax Credit

Administered by Tennessee Department of Revenue · Tennessee

BENEFIT

10% credit

Deadline type: rolling

Eligibility Requirements

1Credit of 3% to 10% of purchase price of industrial machinery
2Based on total capital investment level
3Must obtain approval before filing claim
4Can offset up to 50% of franchise and excise tax liability

Eligible Project Types

CommercialIndustrial

STACKING POTENTIAL

Enhanced Industrial Machinery Tax Credit is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Enhanced Industrial Machinery Tax Credit compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Tennessee Department of Revenue official program page ↗ · Last verified 2026-06-23

Does your project qualify?

Find your full grant stack in 60 seconds

Analyze my project free →

Scans 60+ programs · No signup required

STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

Home All Grants Run a Scan Pricing