Skip to content
NFIB Logo Join Now

WATCH: Tennessee Works Tax Act Helps Small Businesses

WATCH: Tennessee Works Tax Act Helps Small Businesses

September 13, 2023 Last Edit: June 5, 2025

NFIB member Derek Scott says the measure allows him to reinvest in his auto parts business

WATCH: Tennessee Works Tax Act Helps Small Businesses

The state Department of Revenue recently produced a video featuring NFIB member Derek Scott, owner of LSXceleration LLC in Atoka. In the clip, the Tipton County entrepreneur explains what the Tennessee Works Tax Act means to his small business. The legislation reduced taxes by more than $400 million, making it one of the largest tax cuts in Tennessee history. A major part of the measure provides tax relief for small businesses. “Anytime you can save taxes, it allows you to invest in people and product,” Scott says. “It’ll help us put money back into the company.” Watch the clip below.
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

Related
July 10, 2026
John Deere Settlement Paves the Way for Right to Repair for Small Businesses
Small business urges lawmakers to advance legislation that would ensure equal access to diagnostic tools for independent auto repair shops.
Read More
Related
July 9, 2026
COLUMN: Small Business Owners Should Not Be Blocked From Fixing Others’ Equipment
State Director Jim Brown urges Congress to pass the REPAIR Act.
Read More
big traffic jam
Related
July 8, 2026
Illinois Tollway Considering Higher Tolls
The proposal would impact both commercial and passenger vehicles in Illinois
Read More
Related
July 7, 2026
96 Tennessee Legislators Achieve 100% NFIB Voting Records
The NFIB Tennessee Voting Record shows where lawmakers stood on key issues.
Read More

© 2001 - 2026 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility