STATE:

Why NFIB

Take Action

Get Support

Stay Informed

Podcast Podcast

Careers Careers

Join Now

Home / News /

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

Small Business Owner Calculates Taxes Finance Expensive Inventory Inflation Cost

April 17, 2026

Higher Income and Investment Taxes Will Hurt Vermont

Post-pandemic income migration surge is dropping fast.

April 16, 2026

NFIB President Brad Close in Washington Times: Small Business Deduction Is A Big Win For Main Street

WASHINGTON, D.C. (April 16, 2026) – In a new op-ed in The Washington Times, NFIB President Brad Close shares how Main Street is benefiting from the 20% Small B…

Woman wearing a blue cap speaks to the camera; lower third shows 'Tina Miller' and 'Walkabout Outfitter, Owner | NFIB Member'.

April 16, 2026

VIDEO: Virginia Business Owner Explains How 20% Deduction Boosted Employee Wages

The deduction ‘gives me hope to stay strong.’

April 16, 2026

What They Are Saying: Virginia Small Business Owner Uses 20% Small Business Deduction for Employee Raises

VIDEO: NFIB member Tina Miller explains how the permanence of the 20% Small Business Deduction has helped her invest back into her business and community.

WATCH: Tennessee Works Tax Act Helps Small Businesses

Related Articles