State

Job Tax Credit

A job credit is a tax credit that helps fuel company expansion by rewarding job creation. In Georgia, job credits provide as much as $4,000 in annual tax savings per job for up to five years. They’re available to businesses (or their headquarters) in seven strategic sectors:

  • Manufacturing
  • Telecommunications
  • Broadcasting
  • Warehousing & distribution
  • Research & development
  • Processing
  • Tourism

The exact value of the job credits depends on two factors – how many jobs are created, and where. A downloadable map shows how all Georgia counties and census tracts rank as “economic tiers” based on three factors: unemployment rate, per capita income and percentage of residents whose incomes are below poverty level.

Contacts

Georgia USA

http://www.georgia.org/competitive-advantages/tax-credits/job-credit/

Category: State Incentives, Tax Credits

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