Companies that create at least 50 jobs and pay wages at least 110% of the county average are eligible to receive a credit of $2,500-$5,000 per job, per year, for up to five years, based on the scaled system below. Credits may be used to offset the company’s payroll withholding once all other tax liability has been exhausted and may be carried forward ten years. For more information, please contact one of our industry-specific Information Specialists or contact one of our on-the-ground Project Managers.
|
Payroll Requirement
(% of county avg.) |
Credit Value per Person |
|
≥110% and <120% |
$2,500 |
|
≥120% and <150% |
$3,000 |
|
≥150% and 175% |
$4,000 |
|
≥175% and <200% |
$4,500 |
|
200% or greater |
$5,000 |
Per changes made made during the 2009 Georgia legislative session this was formerly known as the Headquarters Tax Credit. The page was updated 7/24/09.