Alternate Port Activity Tax Credit
On this page find information and instructions for claiming the Alternate Port Activity Tax Credit.
- Tax Credit Code: 131
Summary
O.C.G.A. §48-7-40.15A provides an alternate port tax credit. The definitions of “base year port traffic” and “port traffic” include imports and exports of product. It allows the credit to any business enterprise located in a tier two or three county established pursuant to O.C.G.A. §48-7-40 and in a less developed area established pursuant to O.C.G.A. §48-7-40.1 and which qualifies and receives the tax credit under O.C.G.A. §48-7-40.1 and which:
- Consists of a distribution facility of greater than 650,000 square feet in operation in this state prior to December 31, 2008;
- Distributes product to retail stores owned by the same legal entity or its subsidiaries as such distribution facility; and
- Has a minimum of 8 retail stores in this state in the first year of operations. The business enterprise shall not be authorized to claim both this credit and the port credit provided in O.C.G.A. §48-7-40.15, unless such business enterprise has increased its port traffic of products during the previous twelve-month period by more than 20 percent above its base year port traffic, and also has increased employment by 400 or more no sooner than January 1, 1998. The tax credit, in addition to the tax credit under O.C.G.A. §48-7-40, shall be limited to an amount not greater than 50 percent of the taxpayer’s state income tax liability which is attributable to income derived from operations in this state for that taxable year. No credit may be claimed and allowed under this code section for any jobs created on or after January 1, 2015.