Available to Companies who
- Have had a Georgia presence for at least three years
- Are in the Manufacturing or Telecommunication Industry
- Have a minimum of $50,000 in combined capital investments in a given year
- Have capitalized cost directly related to the manufacturing process
- Have capitalized cost related to improvement of an existing facility or construction of a new facility in Georgia
Value To You
- Up to 50% of a company’s Georgia income tax liability
- From 1%-8% of the capital expenditure depending upon location by county
Note:
- Retroactive for all open tax years – Investments over the past 3 years included
- Credits may be allocated to affiliated corporations
- May be used along with the Retraining Tax Credit
- Can be used instead of, but not with, the Job Tax Credit
- Unused credit can be carried forward for up to 10 years
Increased Amount available with
- Increased Georgia port activity
- Investment in Recycling processes and/or facilities
- Investment in Pollution Control processes and/or facilities
