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 Port Bonus Tax Credit

Georgia companies that increase imports or exports through a Georgia port by at least 10 percent can qualify for a bonus tax credit. Two options are offered: an addition of $1,250 to the job tax credit or an adjustment in the investment tax credit.

Program Overview

Credit Types

  • Bonus to the Georgia Job and Georgia Investment Tax Credits
  • Can be used to offset up to 50% of corporate income tax liability.

Credit Amount

-Bonus to Georgia Job Tax Credit-

  • Additional $1,250 per job

-Bonus to Georgia Investment Tax Credit-

  • Claim all eligible investments at 5-8%

    Requirements

    • Must be eligible for Georgia Jobs Tax Credit or Georgia Investment Tax Credit

    • Must increase port activity by 10%

    • Base year port traffic must be at least 75 tons; or 5 containers; or 10 TEUs (Twenty-foot Equivalent Units)

    Duration

    • Unused credit can be carried forward for 10 years

    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

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