05.06.15 |
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A New Incentive for Creating Jobs: What You Need to Know About the GA Job Credit

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Georgia Job Credit

What is it?
The Georgia Job Credit program is offered by the state to help incentivize job creation.  Did you know businesses can receive up to $4,000 in tax savings per year for each job that’s created for a maximum of five years?

The exact amount of the credit a business will receive, however, is determined by the number of jobs created and where they are created specifically.

This is a win-win situation for both the state of Georgia and its businesses: employers have a genuine incentive to expand through job creation and the expansion can potentially provide a boost to the state’s overall economy.

Eligibility

The Georgia Job Credit is primarily available to businesses in certain sectors.  The eligible sectors are strategically appointed by the state to promote growth in areas of need, or areas that will most effectively stimulate economic improvement.

These are the current sectors primarily eligible to receive the credit:

  • Manufacturing
  • Telecommunications
  • Broadcasting
  • Warehousing & distribution
  • Research & development
  • Processing
  • Tourism

It is notable that the retail sector is not included among the primary eligible sectors.  However, all types of businesses are eligible to receive the Georgia Job Credit if they are located in one of the 40 least developed counties in the state.

The level of county development is determined by a ranking based on three criteria:

  • Unemployment rate
  • Per capita income
  • Percentage of people with incomes below the poverty line

How to get started

Businesses that are planning to expand through job creation may want to connect with the Georgia Department of Community Affairs (DCA) to determine the details of their eligibility based on the county they reside in and the number of jobs they are planning to create.

If your business is located in one of the 40 least developed counties in the state, it may be wise to file a Notice of Intent (NOI) to confirm your county’s current economic ranking.

Because the ranking can change over time, it is beneficial to verify your company’s eligibility and the amount of the Job Credit your company can qualify for in advance.

Specific county economic rankings and NOI (Notice of Intent) qualifications, including the NOI form, can be found on the Georgia Department of Community Affairs website.

Additional details on how to claim the benefits your business may qualify for are included in PDF forms housed on the DCA website under the heading “Other Important Information.”
 
Learn More About ADP SmartCompliance® Tax Credits
 


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