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Georgia Job Tax Credit

Georgia Job Tax Credit

Businesses in Georgia’s strategic industries can earn as much as $5,250 in annual tax savings for each new job created, for up to five years. The exact value of the job credits depends on two factors – how many jobs are created, and where.

 

Program Overview

 

Credit Types

  • Income Tax
  • Withholding Payments (certain special designations)

 

Credit Amount

  • Tier 1 – $3,500 per job
  • Tier 2 – $2,500 per job
  • Tier 3 – $ 1,250 per job
  • Tier 4 – $750 per job

 

Special Designations

  • Tier 1 (bottom 40 county) – $3,500 per job and no industry requirement
  • Less Developed Census Tracts – $3,500 per job
  • Economically Distressed Area – $3,500 per job
  • Opportunity Zones – $3,500 per job
  • Military Zones – $3,500 per job

 

Bonuses

  • Joint Development Authority Bonus – $500 per job
  • Port Trafic Bonus – $1,250 per job

 

Requirements

  • Minimum increases range from 2-25 jobs based on tier/designation.
  • Full-time employees only
  • Employer must offer Health Benefits
  • Transfers are ineligible
  • Subject to Georgia Withholding

 

Duration

  • Claimed for 5 years if jobs are maintained
  • Unused credit can be carried forward for 10 years

 

Eligible Industry

Location based special designations do not require industry limitations

Establishments primarily engaged in:

  • Manufacturing
  • Warehousing and Distribution
  • Telecommunications
  • Broadcasting
  • Research and Development
  • Services for the Elderly and Persons with Disabilities
  • Data Processing
    – Insurance Administration
    – Pension Fun Administration
    – Automated Clearinghouses
    – Computer Systems Design & Service
    – Producing Computer Software
    – Payroll Services
    – Financial Transactions
    – Call Center Services
  • Tourism
    – Traveler Accommodation
    – Recreational Vehicles
    – Convention Centers
    – Promoters of Performing Arts, Sports
    – Recreational and Vacation Camp
    – Resort Golf Courses and Country Clubs
    – Sports Teams and Clubs
    – Racetracks
    – Amusement and Theme Parks
    – Tour Operations
    – Scenic and Sightseeing Transportation
    – Hunting and Trapping
    – Museums, Historical Sites, and Similar Institution

 

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 Quality Jobs Tax Credit

Georgia Investment 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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