The Headquarters Tax Credit

Headquarters Tax Credit

Companies that want to take advantage of the Headquarters Tax Credits must meet the following requirements:

  1. At least 50 jobs have to be created within the headquarters
  2. At least $1 million must be spent in construction, renovation, leasing and all other costs relating to the relocation or the establishment of the company’s headquarters.
  3. The jobs created have to pay salaries that are slated percentages of the average county wage where the business is located.

This tax credit can be used to offset 100% of Georgia state income taxes in a taxable year.  If there are tax credits left over, the company can use the leftover tax credits towards the company’s withholding taxes.