Georgia's BEST Legislation - TIER 4
Georgia's "Port Tax Bonus" is available for industries that locate, or expand, in Georgia and utilize Georgia's ports. This incentive offers additional job tax credits to business for each of 4 tiers of counties that add the required threshhold of jobs and increase their port traffic through Georgia's port facilities by 10% in one year from the base level.
Base level of traffic is set at 75 tons, 10 TEUs or five containers. The total tax credit amount cannot exceed 50% of the taxpayer's state income liability for a single year. These credits can be carried forward 10 years if jobs and port traffic remain in service and above the base-level increases.
|County Designation:||TIER 4|
|Mandatory Job Creation:||25|
|Tax Credits Per New Full-Time Job:||$750|
|Joint Development Authority Bonus:||$500|
|Port Authority Bonus:||$1,250|
|Total Potential Incentives:||$2,500|
Eligible industries include manufacturing, warehouse/distribution, processing, telecommunications, tourism and research & development.