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Georgia Retraining Tax Credit

Georgia Retraining Tax Credit

Retraining tax credits enable Georgia businesses to offset their investment in employees. Whether retraining workers to use new equipment or new technology or upgrading the company’s competitiveness with ISO 9000 training, companies can afford more training, more often, thanks to Georgia’s tax credit program.

Any business that files a Georgia income tax return is eligible for the retraining tax credit. To qualify, training programs must be designed to enhance quality and productivity or teach certain software technologies. To qualify for the credit, retraining expenses must be approved by the Technical College System of Georgia.

 

Program Overview

 

Credit Types

  • Income Tax (up to 50% of liability)

 

Credit Amount

  • 50% of training expenses
  • $500 per person per program, up to $1,250 per employee

 

Eligible Expenses

  • Instructor salaries
  • Employee wages during retraining
  • Reasonable travel expenses
  • Development of retraining
  • Materials and supplies, textbooks and manuals
  • Instructional media
  • Equipment used in retraining

 

Eligible Retraining Programs

  • New Equipment
  • New Technology
  • Quality – TQM, ISO 9000

 

Eligible Retraining Sources

  • Company Trainers
  • Training Vendors
  • Technical Colleges or Universities

 

Requirements

  • Georgia residents
  • First-line employees or immediate supervisor
  • Continuously employed for a minimum of 16 weeks
  • Full-time employees only

 

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 Job 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

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