The Quality Jobs Tax Credit is another job tax credit for jobs that pay higher-than-average wages. It can give Georgia companies a significant tax break and help drive growth.
The Quality Jobs Tax Credit rewards companies that create at least 50 jobs in a 12-month period - provided the jobs pay wages that are at least 10 percent higher than the county average for wages.
The following table shows the value of the Quality Job Tax Credit for each job and its percentage over the county wage average:
|
≥110% and <120% |
$2,500 |
|
≥110% and <120% |
$3,000 |
|
≥110% and <120% |
$4,000 |
|
≥110% and <120% |
$4,500 |
|
200% or greater |
$5,000 |
Download 2010 average county wages (PDF)
More about Georgia’s Quality Jobs Tax Credit:
- New quality jobs created within seven years [ OF WHAT ] qualify for the credit
- Credits may offset a company’s payroll withholding once all other tax liability has been exhausted
- Credits may be carried forward for 10 years
- New jobs that do not qualify for Quality Job Tax Credits may still be eligible for Georgia’s job tax credit if they meet requirements for that credit
- A Quality Job Tax Credit must be claimed within the earlier of the following time periods: a) one year from the date the original return is filed; or, b) one year from the date the return is due (including any approved extension)
- IRS Form IT-QJ must be filed with the income tax return for the company to claim the
Quality Jobs Tax Credit. Download Form IT-QJ
- Companies that prefer to use the Quality Jobs Tax Credit to offset withholding taxes must file IRS Form IT-WH 30 days prior to filing the income tax return.
Download Form IT-WH ▶
To learn more about the Quality Jobs Tax Credit, contact one of Georgia’s industry-specific Project Analysts.