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Development Authority of 
Peach County Georgia | 425 James E. Khoury Drive | Unit B | Fort Valley, Georgia 31030 | (478) 825-3826 | peachcountydevelopment@ymail.com
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Taxes

THE BEST OF GEORGIA:
BUSINESS IS LESS TAXING IN PEACH COUNTY.

Peach County understands how important it is to mitigate costs associated with facility relocation and expansion. Because of that, we partner with the state of Georgia to offer incentive solutions designed to offset start up costs while encouraging job creation and investment. We are designated as a Tier 2 County, which means you can claim a $3,000 job tax credit per employee – that’s the most attractive incentive in the state. What’s more, Peach County exempts 100% on all classes of certain business inventory from property taxation. There are tax credits, exemptions and incentives for everything from job creation and capital investments to mega-projects and port usage. To learn about specific incentives, please call our office at +1 (478) 825-3826

 

SELECTED LOCAL AND STATE TAX INCENTIVES

Job/Investment Tax Credits

In Peach County, job and investment tax credits are available to corporations and headquarters engaged in manufacturing, distribution, research and development, processing, telecommunications and tourism.

 

Investment Tax Credit

Manufacturers operating for at least three years are eligible to receive tax credits for plant expansions or facilities construction.  Credit earned amounts from 1% to 8% of qualified capital investments of $50,000 or more.  

 

Quality Jobs Tax Credit

Companies that create at least 50 new net jobs and pay wages at least 110% of the county average are eligible to receive a credit of $2,500 to $5,000 per job, per year, for up to five years.

 

Research & Development Tax Credit

Peach County companies can claim 10% of increased qualified research and development expense over gross receipts as a tax credit. Georgia taxpayers must qualify for a research credit under the IRS code to be eligible.

 

Retraining Tax Credit

Georgia companies can receive a tax credit of 50% of their costs for direct investment in training, up to $500 credit per full-time employee, per training program. The total credit cannot exceed $1,250 per employee per year, and training programs must be approved by the Technical College System of Georgia.

 

Port Tax Credit Bonus

Georgia’s port tax credit bonus rewards new and expanding Georgia companies that increase imports or exports through a Georgia port by at least 10 percent over the previous or base year. The port tax credit bonus may offset up to 50 percent of the company’s corporate income tax liability. Unused credits may be carried forward for 10 years.

 

Work Opportunity Tax Credit

Work Opportunity Tax Credits (WOTC) are federal tax credits awarded to Georgia companies that hire individuals who have consistently faced significant barriers to employment (veterans; recipients of needy family and nutritional assistance; residents of empowerment zones and rural renewal counties; ex-felons, summer youth employees and more). WOTC can help reduce federal income tax liability provides employers with financial incentives with tax credits from $1,200 to $9,600 per qualified employee.

 

Mega Project Tax Credit

The Mega Project Tax Credit is available for companies that employ at least 1,800 new employees and invest a minimum of $450 million or have a minimum annual payroll of $150 million. Qualifying companies may claim a $5,250 per job, per year tax credit for the first five years of each net new job position. Credits are first applied to state corporate income tax, then any excess credits are eligible for use against payroll withholding. Credits may be carried forward for ten years.

 

Optional Investment Tax Credit

Optional investment tax credits reward growing companies for making major investments in Georgia. The exact value of the optional investment tax credits depends on three factors: 1) how much is invested; 2) where the investment is made in Georgia; and. 3) the change in the company’s tax liability.

 

Film, Television & Digital Entertainment Tax Credit

Tax credits up to 30% for film, television and digital entertainment projects can create significant cost savings. Qualifying projects include everything from feature films and television series to music videos, commercials, animation and interactive games. Georgia’s Entertainment Industry Investment Act provides a 20% tax credit for companies that spend $500,000 or more in a single production or on multiple projects. Tax credits may be transferred if a company has little or no tax liability in Georgia.

 


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Call: (478) 825-3826 or peachcountydevelopment@ymail.com425 James E. Khoury DriveUnit BFort Valley, Georgia 31030