Mega Project Tax Credits

May be used to reduce state payroll withholding liability

 

Incentive: Tax credit of $5,250 per job, per year for the first five years of each qualifying job that is created during a specified number of years (see chart below)

Requirements:

  • Jobs must be net new jobs to Georgia
  • Hire at least 1,800 full-time employees;
  • Either invest a minimum of $450 million or have a minimum annual payroll of $150 million; and
  • Pay an average wage above specified minimums or show high growth potential

Companies can have up to 10 years to meet the job creation threshold depending on the amount of qualified investment:

Investment Amount Investment ramp up period Years to meet job requirement
≥$450 million By end of year 6 6
≥$600 million By end of year 6 8
≥$800 million By end of year 8 10

Using the Credits:

  • Credits are first applied to 100% of state corporate income tax liability.
  • Excess credits are eligible for use against state payroll withholding.
  • Credits may be carried forward for 10 years.
  • A maximum of 4,500 new jobs created by any one project may be eligible to receive these credits.

Contact GDEcD

To get help expanding or relocating a business in Georgia, contact the Georgia Department of Economic Development or call 404.962.4000.

To get help with specific tax questions for a business in Georgia, contact the Georgia Department of Revenue.

More About Georgia Benefits

Georgia’s industry-specific Project Managers are available to help you with a wide range of business needs:

  • Site and building services
  • Location data
  • Community contacts and facilitation
  • Cost environment analysis
  • Coordination with state agencies

Business Incentives Brochure

business incentives brochure

ADDITIONAL RESOURCES

BUSINESS INCENTIVES

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