Investment Tax Credit.
Existing manufacturing or telecommunications companies that have operated a facility in Georgia for at least three years, and which make a minimum $50,000 additional qualified capital investment, may claim from 3% of the new investment as a tax credit. Higher credits (5%) are available for investments in recycling or pollution control equipment and for defense plant manufacturing conversion to a new product. Taxpayers must choose either the investment tax credit or the job tax credit. This credit may be applied against 50 percent of tax liability and carried forward for ten years.
Tier Investment Credits Limits of Credits Carry Forward Minimum Investment
2 3% – 5%* 50% of tax liability 10 years $50,000
*Recycle, Defense Conversion, Pollution Control
Carroll County is 100% exempt on all classes of business inventory from property taxation as defined by Georgia Law.