Foreign Trade Zone
Evans County has the ability for qualified projects to apply for sub zone designation of Free Trade Zone 104.
* These incentives are at the discretion of the Development Authority of Claxton & Evans County and local governments. They are evaluated on a case-by-case basis and the following factors are considered to determine if a project is eligible: number of new jobs to be created, investment(real and personal property) to be made, and wage breakdown.
Job Tax Credits
Job Tax Credits are available to businesses (or headquarters of any such business) engaged in manufacturing, warehousing, and distribution, processing, telecommunications, tourism, or research and development industries. Evans County is designated as a Tier 1 Community.
Portions of Claxton and Evans County are located in an Opportunity Zone providing the maximum job tax credit of $3,500 per job. The credit is applied to 100% of a company’s tax liability and the excess can be applied to the company’s payroll withholding liability.
Businesses located in areas designated as Military Zones may qualify for a maximum $3,500 tax credit per job, per year, for up to 5 years when a minimum of two (2) or more eligible net new jobs are created within a single tax year, as long as the jobs are maintained.
Less Developed Census Tract
The majority of Evans County is designated as a Less Developed Census Tract. To claim this credit, the company must create at least 5 new net jobs in the first year as well as fulfilling the additional requirements of the Job Tax Credit regulations. The credit is $3,500 per job for five years towards 100% of tax liability. Excess can be applied to payroll withholding.
Port Tax Credit Bonus
The Port Tax Credit is a bonus that can be used with either the Job Tax Credit or Investment Tax Credit provided the company meets the requirements for one of those programs and increases imports or exports through a Georgia port by 10% over the previous or base year. This credit may be used to offset up to 50% of a company’s corporate income tax liability and unused credits can be carried forward 10 years.
Sales and Use Tax Exemption
Georgia helps companies lower their cost of doing business by offering the ability to purchase various types of goods and services with no or a reduced sales tax rate. See Georgia Rules and Regulations 560-12-2 for the full rules of this program.