Georgia Top Credits & Incentives

Businesses operating in the State of Georgia have numerous incentives available to help offset the cost of retraining employees, hiring employees, or making new investments. The credits have been around a long time and have helped to shape Georgia’s image as a great place to do business.

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Georgia Quality Jobs Tax Credit

For tax years beginning on or after January 1, 2017, Georgia businesses that create and maintain net new jobs that pay at least 110% of the county’s average wage 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% or greater – $5,000 per job

Authority

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’s 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

Discover Georgia Quality Jobs Credit - Create new, well-paid jobs. Better opportunities for you, beneficial for the local economy.

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Businesses

Verity works with companies of all sizes and industries to claim the credits and incentives that they have been missing

CPA Firms

Whether working directly with your clients, or white-labeling, Verity has a solution to fit your needs

Payroll Companies

Offer tax credit compliance services to your product offering as a value-add to your clients

Schedule a 20 minute call to discuss your tax credit situation

Contact

Verity Tax Credits, LLC
44 Milton Ave.
Alpharetta, GA 30009
(678) 587-8670

About Us

Verity Tax Credits, LLC was founded by Jeremiah Becker with a mission to deliver high-quality, accurate tax credit services, focusing on accounting integrity and client satisfaction.