GEORGIA INCENTIVES SUMMARY

Job Tax Credit (JTC)
JTC provides a tax credit per job created for companies located in specific targeted industries. The tax credit amount is determined based on the number of new jobs and the project's location, and is capped at up to $4,000 per job per year for five years.

Quality Jobs Tax Credit (QJTC)
The QJTC is a tax credit for jobs that pay higher-than-average wages. The QJTC rewards companies for creating at least 50 new jobs in 12 months, provided wages for new jobs are at least 10% higher than the county average wage. The QJTC is capped at $5,000 per job per year for five years. Companies may apply QJTC against 100% of state corporate income tax liability, and excess tax credits may be used to offset state payroll withholding. Unused tax credits may be carried forward for ten years. New jobs that do not meet the requirements for the QJTC may count toward Job Tax Credits if they meet the eligibility requirements for that program separately.

Mega Project Tax Credit
This tax credit is available to projects that create at least 1,800 net new jobs, make a capital investment of at least $450 million, or have a minimum annual payroll of at least $150 million.

The tax credit is up to $5,250 per new job per year for the first five years of each net new job. Companies may apply tax credits against state corporate income tax, and excess tax credits may be used to offset payroll withholding. Unused tax credits may be carried forward for ten years.

Quick Start Employee Training
Provides customized training for new employees in skill-based jobs at no cost to qualifying companies. Quick Start is offered to companies for future use and provides training space, instructors, and all needed materials related to the program.

Retraining Tax Credit
Companies may receive a tax credit of 50% of their direct training expenses, up to $500 per full-time employee per training program. The maximum annual tax credit is $1,250 per employee. Eligible expenses include the costs of instructors and teaching materials, employee wages during retraining, and reasonable travel expenses.

Retraining tax credits can offset up to 50% of Georgia corporate income tax liability. Excess tax credit may be carried forward for up to ten years. Training programs must be designed to enhance quality and productivity or teach certain software technologies. The Technical College System of Georgia must approve retraining expenses to qualify for the credit.