Incentives2018-05-24T14:06:33-04:00

Carroll Tomorrow personnel serve as staff to the Bowdon Development Authority, Carroll County Development Authority, Carrollton Payroll Development Authority and Villa Rica Development Authority.  Incentives for qualifying projects are managed by these development authorities with Carroll Tomorrow’s assistance.

Tax Rate

Carroll County has a 3% local sales tax in addition to the 4% state sales tax.
Ad Valorem Taxes are assessed on 40% of fair market value. Millage rates vary by city and are available upon request.

Incentives

Industrial projects locating within Carroll County have the opportunity to take advantage of the following incentive and concessions:

Job Tax Credit

$3,000 per full-time job for 5 years (10 min. new jobs)

Investment Tax Credit

3% – 5%; 50% of tax liability for 10 years (min. new investment of $50,000)

100% Freeport

on all three inventory classes

Retraining Tax Credit

Child Care Credit

Manufacturing Machinery and Computer Tax Exemption

Primary Material Handling Sales Tax Exemption

Research and Development Tax Credit

Small Business Growth Companies Tax Credit

Headquarters Tax Credit

Rehabilitation Tax Credit

Georgia Minority Subcontractors Tax Credit

Georgia State Enterprise Zone

City, county, and state ad valorem tax abatements on properties located within the zone (does not include school ad valorem taxes)

Less Developed Census Tracts

Carroll County Census Tracts 9103; 9105.01; 9105.02; 9106; 9107.01; 9107.03; and 9112 qualify for Job Tax Credits of $3,500/job for 5 years towards 100% of tax liability – excess to withholding taxes

Concessionary Funding Opportunities

Tax-Exempt Industrial Development Bond Financing is available at both state and local levels. Industrial development bond financing has been successful for several large industrial projects in Carroll County recently which included property tax exemption on a sliding scale of 100%-0% over ten years ( does not include school taxes).

Other Potential Incentives

• Quick Start Training
• ICAPP Workforce Training
• TMC Occupational Health Services
• Georgia Tech Manufacturing Extension Regional Office
• Georgia Tech Government Procurement Assistance Center
• The Burson Center Business Incubator, Soft Landing & Resource Center
• One Stop Environmental Permitting
• Ground leases
• 12 local financial institutions
• West Georgia Technical College job training
• University of West Georgia (research, training, interns)

Job Tax Credit

Job Tax Credit – Strategic industries for Georgia’s Job Tax Credit.
Carroll County:
Tier Job Tax Credit $ Jobs Use of Credits Carry Forward
2 $3,000 10 100% of tax liability 10 years

Joint Development Authority

Carroll County is an active participant in the Greater West Georgia Joint Development Authority (GWGJDA).

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

Inventory (Freeport)

Carroll County is 100% exempt on all classes of business inventory from property taxation as defined by Georgia Law.

2016 Georgia Business Incentives