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

Authority

• O.C.G.A 48-7-40.15
• O.C.G.A 48-7-40.15A

Also, 

Employee Retention Tax Credit (ERTC) Service

How do you claim the ERC?

Federal Employee Retention Credit (ERC) – Gross Receipts