Local Incentives Program Overview:
Tax incentives for newly recruited businesses are necessary to compete with other communities. Knoxville and Knox County each provide two primary types of tax incentives: Tax Increment Financing (TIF) and Payment-In-Lieu-Of-Taxes (PILOT). These programs, which are administered by the City of Knoxville's and Knox County's respective Industrial Development Boards (IDB) are performance-based and have time limits, depending on location and type of project. A third program, called a Redevelopment TIF, is available for community redevelopment projects within Redevelopment Areas prescribed by the City of Knoxville.