Manufacturer’s Investment Tax Credit

How does the Manufacturer’s Investment Tax Credit Work?

If you own a manufacturing or telecommunications company that’s been in operation in Georgia for at least three years, you can take advantage of the Manufacture’s Investment Tax Credit.

The Manufacture’s Investment Tax Credit is specifically allocated for company upgrades or expansions.  The calculations for this credit are based on the company’s county Tier (see our blog Changes for Georgia Job Tax Credit for more on Tiers), the type of investment (pollution control, recycling, or defense conversion activities) and at least $50,000 worth of expenses that are strictly related to manufacturing or telecommunication services.

If you have a manufacturing or telecommunications company located in a Tier 1 county, your company can get a 5% tax credit and an 8% investment credit.  If your company is in a Tier 2 county, it is eligible for a 3% tax credit and 5% investment credit.  If your company is in a Tier 3 or 4 county, it is eligible for a 1% tax credit and 3% investment credit.

Contact us for more information on how to take advantage of this tax credit.