Business located in areas designated by the Georgia Department of Community Affairs (DCA) as an Opportunity Zone may qualify for a $3,500 tax credit for 5 years when two (2) or more eligible net new jobs are created within a single tax year. The Opportunity Zone Job Tax Credit can be taken against a new or existing business' Georgia income tax liability. Employers may use excess credits against withholding taxes. The law allows for any lawful business to qualify for the credit, including retail, so it is not limited to specific industries like the state’s regular job tax credit program. Businesses may claim the job tax credits for up to 5 years, as long as the jobs created are maintained. Marietta’s Opportunity Zones Job Tax Credit Program will expire December 2019.
The lowest job creation threshold of any job tax credit program - 2 jobs.
Maximum Job Tax Credit allowed under law - $3,500 per job created.
Provides for businesses of any nature to qualify, not just a defined "business enterprise."
Use of Job Tax Credits against 100% of Georgia income tax liability and withholding taxes.
If you or a client are interested in opening or expanding a business in the Marietta city limits and would like to find out if a property you are interested in is located in an Opportunity Zone, you can search by address using the city’s Property Search Tool, or please contact Beth Sessoms at 770-794-5717.