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.

Topics:

Taxes

State:

Tennessee

Get to know NFIB

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

Learn More

Open office scene with two workers at desks and large computer monitors, a man stands by a kitchen railing in the background.

July 15, 2026

State Policies Impacting Small Businesses

States considered small business measures during the 2026 legislative sessions, including taxes, minimum wage, extreme heat standards, IRC conformity, and tort…