Hidden Local $$ Incentives
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We were recently helping a client do research on the Opportunity Zone tax credit (for details click here).
As we dug into the details to see what was available, we saw some other incentives for less developed areas that looked interesting.
Enterprise Zones -- The local (city or county) government may reduce property taxes, local sales taxes, business licenses and other fees (click here). For example, the City of Tifton offers both Opportunity Zone and Enterprise Zone incentives (click here).
Urban Redevelopment -- The local government may have plans to improve streets and utilities, acquire buildings & land, and rehabilitate areas (click here). For example, the City of Union City has extensive improvement plans (click here).
Make sure your clients talk with their local economic development representatives before they add employees, buy land, expand buildings, or make other improvements. There may be some hidden but well-deserved $$ assistance available.
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Quick Update -- Special Council on Tax Reform
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Notice for 5th Meeting of Special Council on Tax Reform and Fairness for Georgians
This group continues its work on the state's tax system. Sessions have already been held around the state. They are getting closer to formulating concrete recommendations.
When: Wednesday, December 1, 2010
1:00 PM
(The Council will not meet in November)
Where: Cecil B. Day Hall
Mercer University's Atlanta Campus
3001 Mercer University Drive
Atlanta, Georgia 30341
Directions click here.
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About Us
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Alpharesults has assembled a team with the specialized knowledge and approach required to obtain Georgia income tax credits. We are not a public accounting firm. Rather, our services complement those of public accounting firms and do not create conflicted loyalties, because our professionals do not perform attestation work or other external audit functions.
We focus on small to medium-sized businesses and work exclusively in Georgia with a wide variety of in-state and out-of-state accounting firms. For more information on our services, follow this link.
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