STATE TAX INCENTIVES
Dooly County has been identified in the State of Georgia as a Tier One County. All counties in Georgia are classified into one of four tiers, with One gaining the most benefits to a new business/industry. To inquire further about the BEST tax incentives, please contact Robert M. Jeter with the Dooly County Office of Economic Development at 229/268-4554 or Robert Wood with Georgia Department of Industry, Trade and Tourism at (404) 656-3576.

Job Tax Credit

Tier 1 counties provide a $3,500 tax credit per employee for such business engaged in manufacturing, warehousing and distribution, processing, telecommunications, tourism or research and development industries. Wages must be above the average wage of the county. Tax credits are allowed for five years in years two through six after the creation of jobs and the total credit may offset 100% of the taxpayer's state income tax liability for a taxable year and may be carried forward for 10 years from the close of the taxable year in which the qualified jobs were established. Credits may also be taken against a company's income tax withholding.

Joint Development Authority Tax Credit

Provides for an additional $500 job tax credit for a business locating within the jurisdiction of a joint authority of two or more counties.

Investment Tax Credit

Businesses locating in a Tier 1 county can obtain a credit again income tax liability under the following circumstances: 1) has operated an existing manufacturing or telecommunications facility in the state for the previous three years and 2) must invest $50,000 to receive a 5% credit. The credit increases to 8% for recycling, pollution control and defense conversion activities.

Optional Investment Tax Credit

Businesses qualifying for the investment tax credit may choose an optional investment tax credit with a $5 million minimum investment for a 10% tax credit. The credit may be claimed for 10 years, provided the qualifying property remains in service throughout that period. The business must choose the regular or optional; once the election is made, it is irrevocable.

Freeport Exemption

100% freeport exemption for manufacturers, wholesalers, and warehouse operators. Properties eligible include: 1) manufacturer's raw goods and goods-in-process; 2) finished goods held by the original manufacturer; and 3) finished goods held by distributors, wholesalers and manufacturers destined for out-of-state shipment.