Georgia Top Credits & Incentives

Businesses operating in the State of Georgia have numerous incentives available to help offset the cost of retraining employees, hiring employees, or making new investments. The credits have been around a long time and have helped to shape Georgia’s image as a great place to do business.

Georgia Retraining Tax Credit

Retraining tax credits enable Georgia businesses to offset their investment in employees. Whether retraining workers to use new equipment or new technology or upgrading the company’s competitiveness with ISO 9000 training, companies can afford more training, more often, thanks to Georgia’s tax credit program.

Any business that files a Georgia income tax return is eligible for the retraining tax credit. To qualify, training programs must be designed to enhance quality and productivity or teach certain software technologies. To qualify for the credit, retraining expenses must be approved by the Technical College System of Georgia.

Georgia Job Tax Credit

Businesses in Georgia’s strategic industries can earn as much as $5,250 in annual tax savings for each new job created, for up to five years. The exact value of the job credits depends on two factors – how many jobs are created, and where.

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).

Georgia Investment Tax Credit

Manufacturers and Telecommunications companies who have operated in the state of Georgia for the prior three years can be eligible to recover the costs of investing in land acquisitions, improvements, buildings, and machinery and equipment used in a qualified facility.

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.