Georgia Quality Jobs Tax Credit

For tax years beginning on or after January 1, 2017, Georgia businesses who create at least 50 jobs in a 24-month period , and invest at least $2.5 million in a new qualified project can be eligible to receive the Quality Jobs Credit for up to five years for each job. The credit amount of $2,500 – $5,000 is based on wages paid based on the percentage above the county average.

For tax years beginning on or after January 1, 2020, the program lowers the 50 job threshold for new jobs created in rural Tier 1 counties (10 jobs), and Tier 2 counties (25 jobs).

Program Overview

Credit Types

• Income Tax Tax Credit
• Can be Used Against Withholding Payments

Credit Amount

-Average Wage for new jobs-

• 110% but less than 120% – $2,500 per job
• 120% but less than 150% – $3,000 per job
• 150% but less than 175% – $4,000 per job
• 175% but less than 200% – $4,500 per job
• >200% – $5,000 per job

Requirements

• Minimum increase of 50 jobs (for jobs created prior to January 1, 2020)
• Minimum $2.5 million investment in a qualified project
• Full-time employees only (30 hours per week)
• Jobs must pay 110% of County Average
• Jobs hired after 01/01/2009
• Transfers are ineligible

Duration

• Claimed for 5 years if jobs are maintained
• Unused credit can be carried forward for 10 years