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Fulton County has created a pro-business environment to attract and retain companies from global corporations to entrepreneurial start-ups. Incentives include DAFC taxable and tax-exempt bonds, Select Fulton workforce training, and partnerships with the State of Georgia to provide access to their incentive programs.
The Development Authority of Fulton County (DAFC) issues taxable and tax-exempt bonds for qualified economic development projects across Fulton County and its municipalities. The bonds, the interest on which may be taxable or tax-exempt, facilitate financing for a company or institution, allowing the company to buy land, build new facilities, expand existing facilities, upgrade equipment, or otherwise make investments that enhance value and create jobs within Fulton County.
For projects meeting certain criteria, the DAFC issues a taxable bond (for which the client must identify a purchaser). DAFC holds ownership of the property and leases it to the client.
The leasehold interest in the property is initially valued, for ad valorem tax purposes, at 50% of the assessed fee interest, and that value increases by 5% annually over a 10-year period. Thereafter, the leasehold interest terminates, and the property is fully taxable.
WorkSource Fulton offers an array of services to businesses entering Fulton County both collaboratively and independently. Our Business Services initiative allows the Workforce Development Division to establish employment partnerships with private and public sector companies to meet the company’s employment needs. Our highly skilled team of business consultants refers qualified clients that are screened and assessed, with the best qualified applicants as potential candidates.
Fulton County is within Foreign Trade Zone #26. An FTZ is a federally designated site created to help businesses remain competitive in a global marketplace, with lower duties, reduced processing fees and quicker movement of goods from the port.
Fulton County offers 100 percent Freeport Exemption on tangible personal property including inventory of goods in process of being manufactured or produced, finished goods manufactured or produced within Georgia and finished goods destined for shipment outside Georgia. Six municipalities in the county also offer 100% Freeport Exemption, and the City of Atlanta offers 20% Freeport Exemption.
In Georgia, property is required to be assessed at 40% of the fair market value unless otherwise specified by law. The Fulton County Board of Commissioners sets the millage rate for the county. The billing and collection of taxes is the responsibility of the Tax Commissioner.
The municipalities within Fulton County each have their own millage rate, which is set and assessed by the municipality and applies in addition to applicable county millage rates.
*Millage rates are subject to change. Please contact the Fulton County Tax Commissioner or the individual municipality to confirm the current millage rate.
Fulton County has a combined sales tax of 7.75 percent outside of Atlanta, 8.9 percent inside Atlanta. Georgia state sales and use tax rate is 4 percent. Fulton County collects an additional 3.75 percent, which is consistent with other metro Atlanta counties. The county collection includes special purpose local option sales taxes for education (ESPLOST), transportation and funding for MARTA service and expansion.
Georgia’s corporate income tax rate of 5.75 percent applies only to the portion of income earned in Georgia. Currently, Georgia is transitioning to a sales-only corporate income tax rate. Georgia will be the first state in the Southeastern United States to make this change.https://dor.georgia.gov/taxes/business-taxes/corporate-income-and-net-worth-tax
Corporations may also have to pay a net worth tax. This tax is based on the net worth of a corporation, levied in exchange for the privilege of doing business or exercising a corporate franchise in Georgia.