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

Portrait of two carpenters, man and woman, operating drilling machine making furniture in woodworking shop
December 4, 2025
NFIB Thanks Senate Majority Leader Thune for Supporting South D…
South Dakota State Director Jason Glodt penned an opinion piece thanking th…
Read More
Indiana-State-Capitol-PHOTO-by-TODD-PACK-for-NFIB-
December 1, 2025
Small Business Owners Urge General Assembly to Preserve Benefic…
Indiana Legislature to consider tax conformity as session begins today
Read More
Project meeting. Marketing team discussing new working plan. Laptop and paperwork in open space office
November 25, 2025
REMINDER! Be Sure You Are Ready for the New MI Unemployment Sys…
The MI unemployment system is transitioning to a new tax & benefits system…
Read More
November 25, 2025
Maine Capitol Update
Learn more about paid family leave tax compliance, expected 2026 legislatio…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility