Local governments that undertake redevelopment efforts in certain older commercial and industrial areas now qualify for a State of Georgia job credit. New or existing businesses that create two or more jobs can receive a tax credit of up to $3,500 per job. The job tax credits can be used against 100 percent of the business's income tax liability and state payroll withholding. Credits are available for these areas that are designated by Georgia's Department of Community Affairs (DCA) as Opportunity Zones. The DCA will consider designations for areas that are within or adjacent to a census block group with a 15 percent or greater poverty level.
To read more on the state's Opportunity Zone Program, please visit the Georgia Department of Community Affairs' website by clicking here.