- Mega project tax credits benefit Georgia companies that:
employ a minimum of 1,800 “net new” employees; and
- have either a minimum annual payroll of $150 million OR make a minimum $450 million investment in Georgia
Companies meeting both requirements may claim a tax credit of $5,250 per job per year for the first five years of each net new job position.
The credits are first applied to the company’s state income tax. Excess credits are eligible to be used against payroll withholding. In all cases, mega project tax credits may be carried forward for 10 years.
Request more information about the mega project tax credit by e-mailing Dana Brewer or by calling 1+404-962-4181.