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Georgia Investment Tax Credit

Georgia Investment Tax Credit

Manufacturers and Telecommunications companies who have operated in the state of Georgia for the prior three years can be eligible to recover the costs of investing in land acquisitions, improvements, buildings, and machinery and equipment used in a qualified facility.

Program Overview

Credit Types

  • Income Tax Tax Credit
  • Withholding Tax Payments (only for credits generated after January 1, 2020)

Credit Amount

  • Tier 1 – 5% of investment
  • Tier 2 – 3% of investment
  • Tier 3 – 1% of investment
  • Tier 4 – 1% of investment

Requirements

  • Minimum investment of $50,000 (Increased to $100,000 for tax years beginning on or after January 1, 2020)
  • Must have existed in Georgia for at least three years
  • Credit cannot be claimed with the Job tax credit for the same project

Bonuses

  • Higher credit percentages are available for investments in recycling, pollution control equipment, or for taxpayers who have increased shipping activity using a Georgia Port

Authority

 

Also, See

 

Employee Retention Tax Credit (ERTC) Service

How do you claim the ERC?

Federal Employee Retention Credit (ERC) – Gross Receipts

Database of COVID National, State and Local Shutdown Orders

 

Other State Credits and Incentives

Georgia Top Credits & Incentives

Georgia Retraining Tax Credit

Georgia Job Tax Credit

Georgia Quality Jobs Tax Credit

Georgia Port Bonus Tax Credit

Tennessee Top Credits & Incentives

Standard, Enhanced, Super Job Tax Credits

Industrial Machinery Tax Credit

South Carolina Top Credits & Incentives

Mississippi Top Credits & Incentives

 

Track Your Refund

 
Track Federal Refund Check Federal Amended Return Refund

Check your State Refund

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