INCENTIVE DESCRIPTION

State: GA
Incentive Type: Income/Franchise Tax Incentives and Credits
Incentive Title: Jobs Credits
Description: 1) JOBS TAX CREDITS are available to qualified businesses or to its headquarters engaged in manufacturing telecommunications, warehouse distribution, research & development, processing and tourism. Taxpayers must choose to elect either the jobs tax credit or investment tax credit. The jobs tax credit will vary in amount depending upon the tier designation of the county and will range from $750 (Tier 4) to $3,500 (Tier 1) per new job. An additional $500 bonus is allowed for joint development authorities. The credit can be used against 100% of income tax liability in Tiers 1 and 2 and 50% in Tiers 3 and 4. Unused credits may be carried forward for 10 years. 2) HEADQUARTERS CREDIT Companies establishing or relocating their headquarters in Georgia are eligible to receive an income tax credit of $5,000 per job for five years. The credit is available in all counties. An additional $2,500 tax credit is available if the wages are greater than the designated county average wage. Each tiered county has a separate wage requirement that must be met to claim the credit. The credit can be used to offset 100% of income tax liability and any credits not applied to the tax liability may be used to reduce withholding tax.
Eligibility Requirements: 1) Must be a qualified business. Must create the required number of jobs for each county tier designation. 2) Must be qualified business, tax payer must make a capital investment of at least $1 million and create 50 new jobs and meet the designated average wage of the tiered county.
Geographic Restrictions: Statewide
Granting Authority: State of Georgia


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.