Taxpayers claiming the job tax credit should maintain records as evidence that all requirements for the credit were met. Requirements for the credit can be found here and a list of recommended documentation can be found here. The commissioner of revenue has the authority to conduct audits or require the filing of additional information necessary to substantiate or adjust the findings contained within the business plan and to determine that the business enterprise has complied with all statutory requirements so as to be entitled to the credit.
Reference: Tenn. Code Ann. § 67-4-2109(b)(1)(E).