State
and Local Tax (SALT)
Georgia
Tax Credit Questionnaire
Below is a list of questions that will help us determine
if your company potentially qualifies for tax credits offered
by the State of Georgia. Please take a few minutes to answer
the questions. Let us know if your company currently engages
in, or has engaged in, any of these activities over the
past 3 years. In many cases, the credits offer significant
tax relief to Georgia companies.
1.
Does your company engage in any of the following types of
business?
2.
If you are engaged in one of the above industries, please
provide us with the number of full-time employees on your
payroll at the end of each month over the last 4 years.
If
you have increased the number of jobs, you may qualify
for the Job Tax Credit.
3.
Does your company import or export through a Georgia port?
A Georgia port is through Savannah. If YES, approximately
how much did you import/export this year compared to last
year?
If
you have increased your imports/exports by 10%, you may
qualify for the Port Activity Tax Credit. This will increase
the amount of credit you can use for the investment or
jobs credit.
4.
Has your company increased its expenditures on research
and development, which was conducted in Georgia?
If
YES, you may qualify for Georgia’s Tax Credit for
Increasing Research Activities. You must have had net
taxable income for the prior three years in the State
of Georgia.
5. Has your company operated an existing manufacturing
or telecommunications facility or support facility in Georgia
for the past 3 years? If YES, has the company spent more
than $50,000 on property (both real & personal) acquired
to construct or expand a manufacturing or telecommunications
facility?
Expenses
that qualify include, but are not limited to, amounts
expended on land acquisition, improvements, buildings,
building improvements, and machinery and equipment to
be used in the manufacturing or telecommunications facility.
If you answered YES to both questions above, you may qualify
for the Investment Tax Credit.
6.
Has your company incurred training costs to enhance the
functional skills of employees who would otherwise be unable
to function effectively on the job due to skill deficiencies,
or would be displaced because the skill deficiencies would
inhibit their utilization of new technology, new equipment
or new operating systems?
If
YES, you may qualify for the Employee Retraining Tax Credit.
Note if you will be doing this in the future, then we
can still apply and get the credit eligible for the upcoming
year.
7.
Has your company incurred expenses to enhance the reading,
writing, or mathematical skills for employees who would
otherwise be unable to function effectively on the job due
to deficiencies in those areas, or would be displaced because
such skill deficiencies would inhibit their training for
new technology?
If
YES, you may qualify for the Basic Skills Education Tax
Credit.
8.
Has your company paid to maintain a childcare facility on
its premises or provided child care to employees through
a third party?
If
YES, you may qualify for the Employer Credit for Child
Care tax credit.
9.
Do you provide any type of transportation benefit or transportation
service to your employees?
If
YES, you may qualify for Georgia’s Qualified Transportation
Credit or Business Enterprise Vehicle Credit.
10.
Do you allow your employees to telecommute?
If
so, you may be eligible for Georgia’s Teleworking
Credit.
If
you have any questions regarding the above credits or would
like to obtain additional information, please feel free
to contact us. Also, if you
are planning on engaging in any of the above activities,
please let us know. Additional planning will be needed to
ensure your company’s projects are structured properly
to qualify for the Georgia tax credits. In addition, some
of the credits need to be applied for and the sooner we
are aware of the situation then we can get the approval
that is needed. |
