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Georgia Port Bonus Tax Credit

Georgia Port Bonus Tax Credit

Georgia companies that increase imports or exports through a Georgia port by at least 10 percent can qualify for a bonus tax credit. Two options are offered: an addition of $1,250 to the job tax credit or an adjustment in the investment tax credit.

 

Program Overview

 

Credit Types

  • Bonus to the Georgia Job and Georgia Investment Tax Credits
  • Can be used to offset up to 50% of corporate income tax liability.

 

Credit Amount

-Bonus to Georgia Job Tax Credit-

  • Additional $1,250 per job

-Bonus to Georgia Investment Tax Credit-

  • Claim all eligible investments at 5-8%

 

Requirements

  • Must be eligible for Georgia Jobs Tax Credit or Georgia Investment Tax Credit
  • Must increase port activity by 10%
  • Base year port traffic must be at least 75 tons; or 5 containers; or 10 TEUs (Twenty-foot Equivalent Units)

 

Duration

  • Unused credit can be carried forward for 10 years

 

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 Investment 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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