In 2011, Fulton County and metropolitan Atlanta witnessed relative stabilization after an extended period of economic uncertainty and a difficult environment for financing capital projects. The Development Authority of Fulton County contributed to the recovery by identifying, evaluating and accessing financing options for investors.
Tax exemptions help Georgia businesses invest in what’s needed most to expand and profit.
While tax credits promote actions that drive both company growth and economic growth, tax exemptions are focused on saving money for businesses. They help small and large companies reduce up-front costs on business purchases and maintain healthy product inventory.
Tax credits give Georgia businesses the opportunity to minimize or even eliminate state corporate income tax. They apply to all qualifying companies - large, small and in between - rooted in Georgia or new to the state.
Typically, corporate income tax credits apply to 50 percent of a company’s state tax liability in a given year. But in some cases, they can offset up to 100 percent of corporate income tax as well as payroll withholding liability.