Designated Area Tax Credits

Business located in Marietta's Opportunity Zones (OZs), Military Zones (MZs) and Less Developed Census Tracts (LDCTs) may qualify for the state of Georgia's highest job tax credits. Businesses who meet state Job Tax Credit Program requirements for OZs, MZs, and LDCTs can receive a $3,500 state income tax credit per new job for up to 5 years. The job creation threshold for program certification to receive OZ and MZ job tax credits is 2 new jobs in a single year. The job creation threshold for program certification to receive LDCT job tax credits is 5 new jobs in a single year.
  1. Historically Underutilized Business Zones(HUBZone)

    The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. The HUBZone empowerment contracting program provides federal contracting opportunities for qualified small businesses located in distressed areas. The program falls under the auspices of the U.S. Small Business Administration (SBA). The SBA regulates and implements the HUBZone program.

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  2. Less Developed Census Tracts

    Under the Georgia Tax Credit Program, businesses located in Less Developed Census Tracts (LDCTs) and engaged in manufacturing, warehousing and distribution, processing, telecommunications, tourism, or research and development industries may be eligible for the states highest job tax credit benefit level. If other requirements are met, Defined Business Enterprises, located in LDCTs that create 5 net new jobs within a single tax year may apply for the tax credit of $3,500 per eligible net new job created. Businesses may claim the job tax credits for up to five years, as long as the jobs created are maintained.

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  3. Marietta Military Zones

    The Military Zone Job Tax Credit Program provides additional benefits to business located in specified census tracts or additionally designated areas which are adjacent to a military base and considered to be less developed or have a higher rate of poverty.

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  4. Marietta Opportunity Zones

    Business located in areas designated by the Georgia Department of Community Affairs (DCA) as an Opportunity Zone may qualify for a $3,500 tax credit for 5 years when 2 or more eligible net new jobs are created within a single tax year. The Opportunity Zone Job Tax Credit can be taken against a new or existing business' Georgia income tax liability. Employers may use excess credits against withholding taxes. The law allows for any lawful business to qualify for the credit, including retail, so it is not limited to specific industries like the state’s regular job tax credit program. Businesses may claim the job tax credits for up to 5 years, as long as the jobs created are maintained. Marietta’s Opportunity Zones Job Tax Credit Program will expire December 2019.

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