Incentives for Locating in Georgia

Georgia awards business a wide range of incentives and tax exemptions to make the state the most logical place for a new facility. Georgia's tax credits apply to jobs, headquarters, investments, manufacturing machinery sales, research and development, retraining, electricity sales and much, much more. For a detailed look at Georgia's incentives and financing options, take a look at GCSS's Georgia Guide to Financing & Incentives.

Even more appealing to some is the fact that Georgia offers a very low corporate income tax rate-currently set at 6%. In addition, this rate only applies to the portion of the income that is earned in Georgia.

Typically, corporate income tax credits are limited to 50% of the taxpayer's state income tax liability for a taxable year. Under certain circumstances, these tax credits can offset up to 100% of the income tax or withholding liability or they can be stacked to create a saving of more than 50%. Unused tax credits can be carried forward 10 years in most cases.