TVA Tax Equivalent Payments Total $512 Million in 2022
KNOXVILLE, Tenn. – The Tennessee Valley Authority provided nearly $512 million in tax equivalent payments in fiscal 2022 to state and local governments served by its energy generation or in areas supporting TVA properties.
At its quarterly business meeting, TVA’s board of directors approved the final tax equivalent payments for the current fiscal year. The payments compensate state and local governments that cannot levy property or sales taxes on TVA as a federal entity.
In fiscal 2022, the following tax equivalent payments were made to states and local governments:
State and local governments distribute the funds according to their own formulas and discretion to support a variety of initiatives, including schools, fire departments and other emergency response agencies, tourism and recreation, and human service organizations.
Since 1941, TVA has made more than $15.7 billion in tax equivalent payments, with payments in the past 10 years totaling more than $5.3 billion.
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