Tn Business Relief Program

Tn Business Relief Program
Posted on 06/12/2020
Tn Business Relief ProgramGovernor Bill Lee announced the use of federal Coronavirus Relief Funds to assist Tennessee small businesses impacted by the COVID-19 crisis. Through the Tennessee Business Relief Program, Governor Lee has directed the Tennessee Department of Revenue to issue approximately $200 million in business relief payments to reimburse more than 28,000 small businesses for costs incurred as a result of mandatory business closures. 

The following types of businesses are eligible under the program:

• Barber shops
• Beauty shops
• Nail salons
• Tattoo parlors, spas, other personal care services
• Gyms and fitness centers
• Restaurants
• Bars
• Hotels and other travel accommodations
• Theaters, auditoriums, performing arts centers and similar facilities
• Museums, zoos, and other similar attractions
• Amusement parks
• Bowling centers and arcades
• Marinas
• Amusement, sports and recreational industries
• Promoters of performing arts, sports, and similar events
• Agents and managers of artists, athletes, and entertainers
• Independent artists, writers, and performers

In addition, the following businesses are eligible if their sales were reduced by at least 25%, as shown on their April sales tax returns (filed in May):

• Furniture stores
• Home furnishing stores
• Clothing stores
• Shoe stores
• Jewelry, luggage, and leather goods stores
• Sporting goods, hobby, and musical instrument stores
• Book stores
• Department stores
• Office supply, stationery and gift stores
• Used merchandise stores
• Other miscellaneous stores

Eligibility and Payment Information

This program focuses on small businesses that collect sales tax or pay business tax and were required to suspend or significantly modify their operations under Tennessee Executive Order. The Department of Revenue is proactively identifying eligible businesses based on North American Industry Classification System (NAICS) codes. Eligible businesses must have gross sales of $10 million or less.

Payment amounts will be based on a business’ total gross sales and will range between $2,500 and $30,000 per business. The department will calculate gross sales for the business as a whole rather than by individual location.

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