A.
HIGH QUALITY TRAINING AT NO COST
Georgia provides employers with free employee
recruiting, screening and training. Quick Start
is an innovative on-site training program custom-designed
to meet the needs of each company prior to plant
start-up. Intellectual Capital Partnership Program
(ICAPP)- ICAPP is a program of four year and
advanced degrees, as well as advanced education
in specific courses.
B.
TAX CREDITS - BUSINESS EXPANSION AND SUPPORT
ACT (B.E.S.T.)
Georgia's Business Expansion and Support Act
of 1994 (B.E.S.T.) allows statewide job tax
credit and investment tax credits for businesses
locating or expanding in Georgia.
1.
Job Tax Credit: Tax liability for any one
year may be reduced by a maximum of 100%.
Eligible businesses include those involved
in manufacturing, warehousing, distribution,
processing, tourism and research and development.
This credit may be carried forward up to ten
years.
|
Tier
County
|
Jobs
Created
|
Tax
Credit
|
%
Tax Liability
|
| 1
Burke |
5
|
$3,500
|
100
|
| 2
Richmond |
10
|
$2,500
|
100
|
| 3
Counties |
15
|
$1,250
|
50
|
| 4
Columbia |
25
|
$750
|
50
|
2.
Job Tax Credit Joint Development Authorities:
Legislation provides for an additional $500
job tax credit for counties that are members
of a Joint Development Authority, which is
the case for Columbia and Burke counties.
3.
Investment Tax Credit: Available to manufacturers
or telecommunications companies having a presence
in Georgia for at least 5 years. The company
must spend at least $50,000 on an expansion
project.
|
Tier
County
|
%
Investment
Credit
|
%
Recycling, Pollution Control & Defense
conversion activities
|
| 1
Burke |
5
|
8
|
| 2
Richmond |
3
|
5
|
| 3
Counties |
1
|
3
|
| 4
Columbia |
1
|
3
|
|
|
|
4.
Optional Investment Credit: Larger credits
can, depending on location, offset up to 90%
of a manufacturer’s increased income
tax liability following a major expansion.
These larger investment tax credits can be
carried forward for 10 years but may not be
taken in conjunction with the job or investment
tax credits.
|
Tier
County
|
Minimum
Investment (mill)
|
Tax
Credit %
|
| 1
Burke |
$5
|
10%
|
| 2
Richmond |
$10
|
8%
|
| 3
Counties |
$20
|
6%
|
| 4
Columbia |
$20
|
6%
|
5.
Retraining Tax Credit: Firms providing retraining
for employees may receive a tax credit of
25% of their costs, up to $500 per participant,
to a maximum of 50% of state income tax liability.
6.
Corporate Headquarters Tax Credit: Companies
establing or relocating their headquarters
to Georgia may be eligible for a tax credit
if the headquarters is defined as the principal
central administrative offices of a company.
New jobs created at the new headquarters must
be full-time and must pay above the average
wage.
|
Tier
County
|
Minimum
Investment (mill)
Tax
Credit %
|
| 1
Burke |
105%
|
| 2
Richmond |
110%
|
| 3
Counties |
115%
|
| 4
Columbia |
115%
|
7.
Ports Job Tax Credit: Companies that increase
traffic shipped through Georgia ports by 10%
or more in a year may be eligible for larger
job tax credits. The amount of the bonus tax
credit for qualifying firms is $1,250 per
job. Applicants must also be eligible for
job tax credits under the B.E.S.T. legislation.
|
