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.
Back to Georgia Tax Credits
Georgia Investment Tax Credit
Manufacturers and Telecommunications companies who have operated in the state of Georgia for the prior three years can be eligible to recover the costs of investing in land acquisitions, improvements, buildings, and machinery and equipment used in a qualified facility.
Program Overview
Credit Types
- Income Tax Tax Credit
- Withholding Tax Payments (only for credits generated after January 1, 2020)
Credit Amount
- Tier 1 – 5% of investment
- Tier 2 – 3% of investment
- Tier 3 – 1% of investment
- Tier 4 – 1% of investment
Requirements
-
Minimum investment of $50,000 (Increased to $100,000 for tax years beginning on or after January 1, 2020)
-
Must have existed in Georgia for at least three years
-
Credit cannot be claimed with the Job tax credit for the same project
Bonuses
-
Higher credit percentages are available for investments in recycling, pollution control equipment, or for taxpayers who have increased shipping activity using a Georgia Port
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
© 2023 Verity Tax Credits, LLC, all rights reserved
