The State of Georgia gives tax credits to companies that pay their employees high salaries or wages.
- Create at least 50 new jobs in the State of Georgia
- The employees must work at least 30 hours per week
- The job must pay at least 110% of the average wage in the county
This credit can be used to offset 100% of a company’s state income tax liability in a taxable year. If the amount of tax credits is greater than the company tax liability, the tax credits can be used against withholding taxes.