IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Dec 2014 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2014 state and local governments in Tennessee provided an incentives package to tire manufacturer Bridgestone Corporation to retain its heaquarters in the state. On the local level, the city granted Bridgestone 100 percent property tax abatements for 20 years estimated at $54.2 million. The city also provided a seven-year $500-per-job grant valued at $2.1 million. On the state level, the company was awarded a $15 million grant from the FastTrack program and various tax credits whose value has not been specified. 
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

361 Rubber tyres & tubes
4011 New pneumatic tyres, of rubber.
401110 Of a kind used on motor cars (including station wagons and racing cars)
401120 Of a kind used on buses or lorries
401130 Of a kind used on aircraft
401140 Of a kind used on motorcycles
401150 Of a kind used on bicycles
401161 Of a kind used on agricultural or forestry vehicles and machines
401162 Of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61 cm
401163 Of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm
401169 Other
401192 Of a kind used on agricultural or forestry vehicles and machines
401193 Of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61 cm
401194 Of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61 cm
401199 Other

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