Tax credits give Georgia businesses the opportunity to minimize or even eliminate state corporate income tax. They apply to all qualifying companies – large, small and in between – rooted in Georgia or new to the state.
Typically, corporate income tax credits apply to 50 percent of a company’s state tax liability in a given year. But in some cases, they can offset up to 100 percent of corporate income tax as well as payroll withholding liability.
The tax credits referenced here are extended by the state of Georgia, so be sure to check with the CATOOSA COUNTY EDA to identify local incentives. In addition, Georgia offers tax exemptions to support business growth.