Secretariat

U.S. State Programs for New Investments

Available Investment Programs

Georgia

Taxes

• Job tax credits ranging from US$500 - $2,500 per new employee for up to 5 years are available but can not be more than 50% of income tax liability - level of tax credit is dependant upon county where new employment is created.
• Investment tax credits ranging from 1-8% on investments of US$50,000 - $5 million, but can not be more than 50% of income tax liability - level of tax credit is dependent upon county where new investment is made.
• Investment tax credits on investments of US$5 million or greater range from 6-10% and may be claimed for 10 years.
• Research and development tax credits are permitted at a rate of 10% of research expenses - and cannot exceed 50% of total income tax liability.
• Ports activity job tax and investment tax credits offer companies tax credits of US$2,500 - $3,500 per employee or a 5% investment tax credit if they increase their port tonnage traffic by preset amounts - companies creating 400 or more new jobs, investing US$20 million or more, and increasing port activity by 20% over base year can use both tax credits.
• Eligible manufacturing machinery, primary materials, pollution control equipment, and production electricity is exempt from sales and use taxes.
• Counties can exempt companies from property tax on materials, good-in-process, and finished goods.

Employee Training

• Retraining tax credits are available to employers for 50% of retraining costs - up to a maximum of US$500 per employee and cannot exceed 50% of income tax liability.
• Companies are eligible for a US$150 tax credit for each employee that completes an approved employer provided skills education program.
• Department of Technical and Adult Training provides free of cost screening, recruiting, and job training for new and expanding companies.
• Department of Education offers without charge pre-employment as well as on-the-job training for new and expanding companies.

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