| State: |
GA |
| Incentive Type: |
Income/Franchise Tax Incentives and Credits |
| Incentive Title: |
Investment Credits |
| Description: |
1. INVESTMENT TAX CREDIT The investment tax credit is available to qualified manufacturing or telecommunication businesses. The amount of the credit will range from 1% to 5% of the qualified investment depending upon the county's tier designation. An additional credit is available ranging from 3% - 8% based upon the county tier designation for recycled equipment, pollution control equipment and conversion of a defense plant to a new manufacturer. Taxpayer must elect either the investment tax credit or the job tax credit, but not both. The credit is used against 50% of state income tax liability. Unused credits may be carried forward for 10 years. 2. OPTIONAL INVESTMENT CREDIT can be elected in lieu of the investment tax credit which provides for a higher percentage of the qualified investment; percentage range depends upon county tier. Available to existing manufacturing and telecommunication businesses. |
| Eligibility Requirements: |
1) Must be a qualified business and make a qualified capital investment of $50,000 or more. 2) Must be a qualifying existing manufacturer or telecommunication business and have operated in Georgia for the previous 3 years. Must meet the qualified investment amount for each tiered county.
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| Geographic Restrictions: |
Statewide |
| Granting Authority: |
State of Georgia |
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