The New Facilities Job Credit

New Facilities Job Credit

Qualifications for businesses before January 1, 2009:

  1. Must have purchased at least $450 Million in qualified investment property over a 6 year period.
  2. Must create at least 1,800 new jobs within a 6 year period.
  3. The credit can be received for up to a maximum of 3,300 jobs.

Qualifications for businesses after January 1, 2009:

  1. The company has to be registered and authorized to use the “E-Verify,” or any successor federal employment verification system and is engaged or carrying on any business activities within the State of Georgia.
  2. Retail businesses are not included as a business enterprise.
  3. Businesses must meet the job creation requirement or the qualified investment requirement.
  4. Must have purchased at least $450 Million in qualified investment property or the payroll requirement
  5. Must have $150 Million in total annual Georgia W-2 payroll within a 6 year period.
  6. The business can receive credit for up to a maximum of 4,500 jobs.