What are the Qualifications for the Port Activity Tax Credit?
The Port Activity Tax Credit is available for businesses or the headquarters of businesses in the following industries:
- Warehousing and Distribution
- Research and Development
In order to qualify for the tax credit, these businesses have to increase shipments by more than 10% over their base year port traffic or by more than 10% over 75 net tons out of Georgia’s ports over a one year period. This tax credit yields$1,250 per job with an investment tax credit of 5% or an optional investment tax credit of 10%. Companies can take advantage of both tax credits if 400 or more new jobs are created and at least $20 million is invested in facility expansion or new facilities.