From $750 to $5,750 every year for 5 years, for each new job created.
Qualified Industries Include
- Manufacturing
- Processing
- Research & Development
- Warehousing & Distribution
- Tourism
- Telecommunications
Hiring Requirement
- Companies can qualify for this credit when they create a minimum of 5-25 new jobs in a single year.
- Value and number of jobs required, depends on the company’s location by county.
Value To You
- From $750 - $5,750 per new full time job created each year up to five years
- 50% - 100% of your total Georgia income tax liability depending upon location by county
- Business located in tier 1 counties can take the Job Tax Credit against Withholding Tax
Note:
- Retroactive for all open tax years – Jobs created 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 Investment Tax Credit
- Unused credit can be carried forward for up to 10 years
