STATE:

Why NFIB

Take Action

Get Support

Stay Informed

Podcast Podcast

Careers Careers

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.

Topics:

Taxes

State:

Tennessee

Get to know NFIB

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

Related Articles

Vermont State House Montpelier Vermont

January 7, 2026

NFIB Commends Gov. Scott’s Urgent Call for Property Tax…

“Main Street is struggling under the weight of high business taxes, high pr…

January 7, 2026

NFIB Sets 2026 Legislative Priorities for Georgia Small Busines…

Tax relief, rising insurance costs and regulatory transparency will be on t…

January 7, 2026

Illinois Tax Collections are up more than $1.5 Billion through…

Year-to-date Illinois tax receipts are up over $1.5 billion through first h…

January 7, 2026

Small Business Federal Legislative Priorities for 2026

A new list of top priorities for small businesses includes lowering operati…

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