State Tax Credits

Job Creation Tax Credits


Georgia's Job Tax Credit (JTC) Program provides for an income 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. Eligible companies in Marietta must create a minimum of 25 net new jobs to meet Tier 4 Job Tax Credit Program requirements and are entitled to a Joint Development Authority (JDA) Bonus. The Tier 4 JTC and JDA Bonus have a maximum combined value of $1,250 per year for each net new job created . The credits may be applied towards 50 percent of state income tax liability and claimed up to five years as long as jobs are maintained.

Businesses located in "Designated Areas" may be granted a state income tax credit of  $3,500, per eligible new job while businesses in other locations of the city, must meet Tier 4 JTC program requirements. Read more about Job Tax Credits or click on the links below to compare the Tier 4 and designated area programs, get facts, and access rules and regulations. To get help with specific tax questions for a business in Georgia, contact the Georgia Department of Revenue.

Designated Area Job Tax Credit

Businesses located in areas designated as State Opportunity Zones (OZs), Military Zones (MZs) and Less Developed Census Tracts (LDCTs) can claim a higher tax credit and expanded options for credit utilization. Additionally, any business, including retail, may claim Job Tax Credits in State OZs and MZs. Benefits of locating in a "Designated Tax Credit Area include:

  • Credits up to $17,500 over 5 years per new job maintained.
  • Lower job creation thresholds for certification (than outside areas).
  • Use against 100% of Georgia Income tax and withholding tax liability.

Investment Tax Credit


Companies in manufacturing or telecommunications support that have operated in Georgia for at least three years are eligible to earn investment tax credits for upgrades and expansions. Credit earned amounts to 1 percent to 8 percent of qualified capital investments of $50,000 or more. The credit is calculated factoring geographic location and type of investment. Companies should compare the benefits of the investment tax credit with those of the job tax credit, as taxpayers can claim one or the other, but not both. Read more about Investment Tax Credits

Port Activity Tax Credit Bonus


The Port Tax Credit Bonus rewards new or expanding Georgia companies that increase imports or exports through a Georgia port by at least 10 percent over the previous, or base year. To be eligible for the Port Tax Credit Bonus companies must first meet the requirements of either the job tax credit or investment tax credit programs. Read more about the Port Activity Tax Credit Bonus

Quality Jobs Tax Credits


The Quality Jobs Tax Credit is granted for jobs that pay higher-than-average wages. Companies that create at least 50 jobs in a 12 month period are eligible to receive a tax credit of $2500-$5000 per job, per year, for up to five years, provided that each pay wages that are at least 10 percent higher than the county average for wages. Read more about Quality Jobs Tax Credits

Research & Development Tax Credit


Research and Development (R&D) tax credits are available to any company that increases its qualified research spending. A tax credit is allowed for research expenses for research conducted within Georgia for any business or headquarters of any business engaged in manufacturing, warehousing and distribution, processing, telecommunications, broadcasting, tourism, or research and development industries. Read more about Research and Development Tax Credits

Retraining Tax Credits


Georgia's Retraining Tax Credit helps companies offset the cost of retraining employees that are affected by the implementation of new equipment and technology.  An eligible business enterprise may be granted tax credits against its state tax liability of 50 percent of their direct training expenses, with up to $500 credit per full-time employee, per training program. Read more about Retraining Tax Credits

Entertainment Tax Credits

 
Georgia’s Entertainment Industry Investment Act provides a 20 percent tax credit for companies that spend $500,000 or more on production and post-production in Georgia, either in a single production or on multiple projects. The State grants an additional 10 percent tax credit if the finished project includes a promotional logo provided by the State. If a company has little or no Georgia tax liability, it can transfer or sell its tax credits. Read more about Entertainment Tax Credits