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

Businessman pressing an Taxes concept button on a circular display.
February 1, 2026
Voice Your Opinion on the Millionaire Tax
NFIB Washington members reminded to vote their special ballot
Read More
January 29, 2026
Job-Tax Legislation Assigned to Illinois Senate Committee
Proposal would hurt Illinois small businesses, reduce employee take-home pay
Read More
January 29, 2026
Oklahoma Small Business Owners Outline Top Priorities Ahead of 2026 Legislative Session
NFIB Oklahoma calls on the Legislature to prioritize reforms that reduce cost pressures on small business owners.
Read More
January 28, 2026
NFIB: Governor’s State of the State Highlights Pro-Small Business Priorities
Topics included tax relief, infrastructure, workforce development and judicial reform.
Read More

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