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INCENTIVE DESCRIPTION
| State: | GA |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Other Tax Credits |
| Description: | PORT JOB CREDIT AND INVESTMENT BONUS Georgia allows two additional credits for job creation and investment. The Port jobs credit and Port Investment Bonus is available to taxpayers with large increases of shipments in or out of a Georgia port. The port bonus increases the investment tax credit to 5% regardless of the tier level. The 5% is in lieu of the investment tax credit. The port bonus is limited to 50% of income tax liability. Unused credits may be carried forward 10 years. Port Job Tax Credit Bonus. The port tax credit is a $1,250 per job bonus for taxpayers with large increases in shipments into and out of a Georgia port. The $1,250 is added to the job tax credit. |
| Eligibility Requirements: | Businesess must be engaged in Georgia Port traffic with shipments in or out of the State of Georgia |
| 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. |
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