Program Description
Local governments that undertake redevelopment and revitalization efforts in certain older commercial and industrial areas can now qualify those areas for the State’s maximum state job tax credit of $3,500 per job. The incentive that is available for new or existing businesses that create two or more jobs are credits that can be taken against the business’s income tax liability and state payroll withholding. The credits are available for areas designated by DCA as “Opportunity Zones.” DCA will consider designations for areas that are within or adjacent to a census block group with 15% or greater poverty where an enterprise zone or urban redevelopment plan exists.
Opportunity Zone Tax Credit Incentives:
● the maximum Job Tax Credit allowed under law - $3,500 per job created
● the lowest job creation threshold of any job tax credit program - 2 jobs
● use of Job Tax Credits against 100 percent of income tax liability and Withholding
● expansion of the definition of "business enterprise" to include all businesses of any nature
Source: Georgia Department of Community Development
Where is the Social Circle OZ?
Click here to download a map of the Social Circle OZ.
Click once to download, then click on map to enlarge.
How was the map developed?
Click here to download a DCA Overview (PowerPoint Presentation).
Where can I get the latest, best information for SC?
Contact Mike Miller, Social Circle Better Hometown
Where can I see available properties in the OZ?
Listings are under construction.
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