Optional Investment Tax Credit
-------------------------------------------------------------------------
The Optional Investment Tax Credit is like the regular Investment Tax Credit, but it is targeted to large projects and has greater potential tax credit $ benefits. However, it may be complex to calculate and administer. The following are the threshold investment criteria and tax credit percentages:
- Tier 1: $5 million, 10% tax credit
- Tier 2: $10 million, 8% tax credit
- Tier 3 or 4: $20 million, 6% tax credit
The tax credit may be claimed for 10 years, provided the qualifying property remains in service throughout that period. The tax credit $ available to your client is calculated each year based on increases in tax liability and other factors (click here).
 |
Legislative Update
-------------------------------------------------------------------------
We've been checking our sources and can report no major changes are planned for Georgia's corporate income tax credits. We attended the recent 2013 Georgia Chamber "Eggs and Issues" breakfast, the Georgia Economic Developer's Association Legislative Luncheon, and we discussed current legislation with representatives of the Georgia Department of Economic Development. Bottom line: No plans for significant changes to tax credits. Some new credits will be proposed for development in historic downtown districts as well as some new wrinkles for angel investors and clean energy initiatives, but that's it. That being said -- things can change during the legislative session. We will keep you posted.  |
About Us------------------------------------------------------------------------- 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. |
