New Facilities Jobs Credit
On this page find information and instructions for claiming the New Facilities Jobs Credit.
- Tax Credit Code: 118
Summary
For business enterprises who first qualified in a taxable year beginning before January 1, 2009, $450 million in qualified investment property must be purchased for the project within a six-year period. The manufacturer must also create at a minimum 1,800 new jobs within a six-year period. For business enterprises who first qualify in a taxable year beginning on or after January 1, 2009; the definition of business enterprise is any enterprise or organization which is registered and authorized to use the Federal employment verification system known as “E-Verify” or any successor Federal employment verification system and is engaged in or carrying on any business activities within this state. Retail businesses are not included in the definition of a business enterprise. The business enterprise must meet the job creation requirement and either the qualified investment requirement, $450 million qualified investment property, or the payroll requirement, $150 million in total annual of Georgia W-2 reported payroll within the six-year period. For tax years beginning on or after January 1, 2012, the job creation requirement is extended if certain amounts of qualified investment property are purchased. After an affirmative review of the application by a panel, the business enterprise is rewarded with the new facilities job tax credit. The credit is $5,250 per job created. The credit offsets income tax liability and any excess credit may be used to offset withholding taxes. There is a 10-year carryforward of any unused tax credit. For applications approved on or after January 1, 2025, the taxpayer shall repay the credits received for the project if it engages in the following prohibited activities:
Voluntarily grants recognition rights for employees solely and exclusively on the basis of signed labor organization authorization cards if the selection of a bargaining representative may instead be conducted through a secret ballot election;
Voluntarily disclose an employee’s personal contact information to a labor organization, or a third party acting on behalf of a labor organization without the employee’s prior written consent, unless otherwise required by state or federal law; or
Require a subcontractor to engage in either of the two previously listed prohibited activities.