Georgia Offers Employers More than 40 Tax Credits & Incentives

Georgia creates tax credits and incentives for businesses located in or moving to the state to foster economic growth, attract investment, and stimulate job creation. By offering these incentives, Georgia enhances its competitiveness in the global marketplace and position itself as a prime destination for businesses seeking favorable business environments. These tax credits and incentives serve as powerful tools to incentivize companies to establish or expand their operations in Georgia, and offer employers tools to fuel expansions and growth.

Georgia Business Tax Credits & Incentives:

Georgia offers employers more than 46 tax credits  to stimulate economic development and foster business expansion.

State Opportunity Zones:
Qualify certain older commercial and industrial areas for the State’s maximum job tax credit of $3,500 per job through redevelopment and revitalization efforts by local governments.

Federal Opportunity Zones:
Created to spur economic growth in low-income communities, allowing investors to defer federal taxes by investing capital gains in designated areas.

Georgia Agribusiness and Rural Jobs Act (GARJA):
Provides access to capital for agribusiness and rural job creation, aiming to stimulate economic development in rural areas.

Job Tax Credits:
Statewide job tax credit available for businesses engaged in manufacturing, warehousing, processing, telecommunications, tourism, research and development, and services for the elderly and persons with disabilities.

Less Developed Census Tracts:
Identifies census tracts statistically similar to the state's least developed counties, offering tax incentives for businesses operating in these areas.

Rural Zones:

Designed to revitalize small rural downtown areas, providing tax credits for job creation, investment in downtown properties, and property renovation within designated zones.

Military Zones:

Offers additional benefits, including job tax credits, to specified census tracts or designated areas with higher poverty rates or economic distress.

Enterprise Zones:

Aims to revitalize economically distressed areas by offering tax incentives to businesses, encouraging investment and job creation.

Georgia Tourism Development Act (GTDA):

Allows companies building new tourism attraction projects within the state to retain a portion of their sales tax revenues for 10 years.

Regional Economic Assistance Program (REAP):

Facilitates cooperation between local and state governments and the private sector on large-scale tourism-related projects, creating jobs and enhancing the local tax base.