Job Tax Credit

Georgia Department of Community Affairs

Program Type:

Tax Incentive

Eligible Geography:

Georgia

Summary:

Provides for a statewide job tax credit for any business or headquarters of any such business engaged in manufacturing, warehousing and distribution, processing, telecommunications, tourism, or research and development industries, but does not include retail businesses. If other requirements are met, job tax credits are available to businesses of any nature, including retail businesses, in counties recognized and designated as the 40 least developed counties.

The amount of the annual credit is equal to the following for each new full-time job created by count designation: $3,500 per eligible net new job and 2 net new jobs for a business located in a Tier 1 county, $2,500 per eligible net new job and 10 net new jobs for a business located in a Tier 2 county, $1,250 per eligible net new job and 15 new net jobs for a business located in a Tier 3 county, $750 per eligible net new job and 25 net new jobs for a business located in a Tier 4 county, $3,500 per eligible net new job and 5 net new jobs for a business located in a Less Developed Census Tract, $3,500 per eligible net new job and 2 net new jobs for a business located in a Designated Opportunity or Military Zone. Tiers and Zones are found on the program website.

Eligible Recipients:

For-Profit Business

Eligible Recipients Detail:

Any business or headquarters of any such business engaged in manufacturing, warehousing and distribution, processing, telecommunications, tourism, or research and development industries, but does not include retail businesses.

Eligible Purpose:

Broadband-Related Industry; Broadband-Technologies Workforce Training;

Eligible Purpose Detail:

Corporate tax credit in certain areas for certain industries. Award amount depends on county tier. Counties and certain census tracts in the state are ranked and placed in economic tiers using the following factors:
1. highest unemployment rate;
2. lowest per capita income; and
3. highest percentage of residents whose incomes are below the poverty level.

Excluded Programs:

Investment Tax Credit