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State Incentives

Georgia offers a range of corporate tax credits that enable companies to minimize or completely eliminate state

corporate income taxes which, at 6%, are already among the lowest in the nation. For some of the credits, the amounts are dependent on the "tier status" of the community. Tier status refers to an annual four-tier ranking of the economic vitality of Georgia’s counties. The highest credits are offered in the counties with the greatest need (Tier 1 and 2 counties), while the most prosperous counties (Tier 3 and 4 counties) offer lesser amounts. Barrow County, Georgia is a Tier 3 county with a credit of $1,250; an additional $500 per job credit is available due to Barrow County’s participation in the Joint Development Authority of Northeast Georgia.

Credits

  • Jobs Tax Credits: provides $1,750/job, min. 15 new jobs created, with 10-year carry forward
  • Quality Jobs Tax Credit: provides $2,500-$5,000 per job with above-average wages for five years
  • Investment Tax Credit: provides tax credits equal to 1-3% of qualified capital investment
  • Port Tax Credit Bonus: increases Jobs or Investment credits if port activity is increased by 10%
  • Mega Project Tax Credit: $5,250 credit for project with 1,800+ jobs or $450+ million investment
  • Retraining Tax Credit: credit up to $500/yr per employee for direct investment in training
  • Child Care Tax Credit: credit of 75-100% of employer-sponsored child care for employees
  • Parolee Tax Credit: provides $2,500/job for hiring an individual granted parole within 12 months of the date of hire
  • Small Business Credit Initiative: offers 50% guarantees on loans up to $400,000
  • Angel Investor Tax Credit: income tax credit that is 35% of the investment with an individual investor cap of $50,000 per year
  • R&D Tax Credit: credit up to 10% of increased qualified R&D expense over gross receipts
  • Sales & Use Tax Exemption: on equipment and electricity used directly in manufacturing
  • Premium Tax Credit: provides $1,250/job for five years against the annual premium tax applied to insurance companies in the state, min. 15 new jobs created
  • Digital Entertainment Tax Credit: up to 30% tax credit to qualified digital/interactive entertainment production companies with a minimum of $250,000 in qualified expenses in Georgia and capped at $1.5 million per company
  • Film & Television Tax Credit: up to 30% tax credit to qualified film and television production companies with a minimum of $500,000 in qualified expenses in Georgia