Close

Georgia Quality Jobs Tax Credit

Georgia Quality Jobs Tax Credit

For tax years beginning on or after January 1, 2017, Georgia businesses who create at least 50 jobs in a 24-month period , and invest at least $2.5 million in a new qualified project can be eligible to receive the Quality Jobs Credit for up to five years for each job. The credit amount of $2,500 – $5,000 is based on wages paid based on the percentage above the county average.

For tax years beginning on or after January 1, 2020, the program lowers the 50 job threshold for new jobs created in rural Tier 1 counties (10 jobs), and Tier 2 counties (25 jobs).

 

Program Overview

 

Credit Types

  • Income Tax Tax Credit
  • Can be Used Against Withholding Payments

 

Credit Amount

-Average Wage for new jobs-

  • 110% but less than 120% – $2,500 per job
  • 120% but less than 150% – $3,000 per job
  • 150% but less than 175% – $4,000 per job
  • 175% but less than 200% – $4,500 per job
  • >200% – $5,000 per job

 

Requirements

  • Minimum increase of 50 jobs (for jobs created prior to January 1, 2020)
  • Minimum $2.5 million investment in a qualified project
  • Full-time employees only (30 hours per week)
  • Jobs must pay 110% of County Average
  • Jobs hired after 01/01/2009
  • Transfers are ineligible

 

Duration

  • Claimed for 5 years if jobs are maintained
  • 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 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

Client Login

 

Refer a Friend

.