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 Job Tax Credit

Businesses in Georgia’s strategic industries can earn as much as $5,250 in annual tax savings for each new job created, for up to five years. The exact value of the job credits depends on two factors – how many jobs are created, and where.

Program Overview

 

Credit Types

  • Income Tax
  • Withholding Payments (certain special designations) 

Credit Amount

  • Tier 1 – $3,500 per job
  • Tier 2 – $2,500 per job
  • Tier 3 – $ 1,250 per job
  • Tier 4 – $750 per job

Special Designations

  • Tier 1 (bottom 40 county) – $3,500 per job and no industry requirement
  • Less Developed Census Tracts – $3,500 per job
  • Economically Distressed Area – $3,500 per job
  • Opportunity Zones – $3,500 per job
  • Military Zones – $3,500 per job

Bonuses

  • Joint Development Authority Bonus – $500 per job
  • Port Trafic Bonus – $1,250 per job

Requirements

  • Minimum increases range from 2-25 jobs based on tier/designation.
  • Full-time employees only
  • Employer must offer Health Benefits
  • Transfers are ineligible
  • Subject to Georgia Withholding

Duration

  • Claimed for 5 years if jobs are maintained
  • Unused credit can be carried forward for 10 years

Eligible Industry

Location based special designations do not require industry limitations

Establishments primarily engaged in:

  • Manufacturing
  • Warehousing and Distribution
  • Telecommunications
  • Broadcasting
  • Research and Development
  • Services for the Elderly and Persons with Disabilities
  • Data Processing
    – Insurance Administration
    – Pension Fun Administration
    – Automated Clearinghouses
    – Computer Systems Design & Service
    – Producing Computer Software
    – Payroll Services
    – Financial Transactions
    – Call Center Services
  • Tourism
    – Traveler Accommodation
    – Recreational Vehicles
    – Convention Centers
    – Promoters of Performing Arts, Sports
    – Recreational and Vacation Camp
    – Resort Golf Courses and Country Clubs
    – Sports Teams and Clubs
    – Racetracks
    – Amusement and Theme Parks
    – Tour Operations
    – Scenic and Sightseeing Transportation
    – Hunting and Trapping
    – Museums, Historical Sites, and Similar Institution

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