Personal Protective Equipment Manufacturer Jobs Tax Credit
On this page find information and instructions on Personal Protective Equipment Manufacturer Jobs Tax Credit.
- Tax Credit Code: 147
Summary
Effective for taxable years beginning on and after January 1, 2020 and if certain requirements are met, a personal protective equipment manufacturer that qualifies for and claims the jobs tax credit under O.C.G.A. §48-7-40 or O.C.G.A. §48-7-40.1, may claim an additional job tax credit of $1,250 per job for jobs engaged in the qualifying activity of manufacturing personal protective equipment. The credit may be used to offset 100 percent of the taxpayer’s Georgia income tax liability in the taxable year. Credits claimed but not used may be carried forward for 10 years.
For taxable years beginning on or after January 1, 2025, any credits generated but not used may be carried forward for five years. Where the amount of such credit exceeds the taxpayer’s tax liability in a taxable year, the excess may be taken as a credit against such taxpayer’s quarterly or monthly withholding tax.
Forms
To claim the credit against withholding, a taxpayer must file Form IT-WH timely. No credit shall be claimed and allowed for jobs created on or after January 1, 2025. No taxpayer shall be eligible for this tax credit for any job for which the taxpayer claims the tax credit provided for under O.C.G.A. §48-7-40.1B.
IT-WH Notice of Intention to Claim Withholding Benefit