Posts by Trove Consultants LLC

Georgia provides an exemption from state sales and use tax on energy — including electricity, natural gas, and other fuels — that is used directly in the manufacture of tangible personal property. This exemption reduces the operating cost of Georgia manufacturing operations and is authorized under O.C.G.A. § 48-8-3.

Georgia offers a state-level Research and Development Tax Credit for businesses conducting qualified research activity within the state. It is claimed in addition to the federal R&D Tax Credit (Internal Revenue Code § 41) and is governed by O.C.G.A. § 48-7-40.3.

The Georgia Job Tax Credit is a state tax credit available to businesses that create new full-time jobs in Georgia. It is one of Georgia’s primary economic development incentives and is administered under O.C.G.A. § 48-7-40. Program at a Glance Credit amount $1,250 to $5,000 per new full-time job, per year Duration Up to 5…

The Georgia Retraining Tax Credit is a state income tax credit available to businesses that train Georgia-based employees on new software, technologies, or equipment. It is designed to encourage businesses to invest in workforce development and is administered by the Georgia Department of Economic Development under O.C.G.A. § 48-7-40.18.

The Georgia Qualified Health Insurance Expense Credit is a state income tax credit available to small employers that offer High Deductible Health Plans (HDHPs) paired with Health Savings Accounts (HSAs) to their Georgia employees. It is designed to offset a portion of the employer’s cost of providing qualifying health coverage to a small workforce. The credit is governed by O.C.G.A. § 48-7-40.26 and is available through the 2029 tax year.

In Georgia, all businesses that own tangible personal property — machinery, equipment, furniture, fixtures, computers, and similar assets — are subject to an annual local property tax on those assets. Unlike income taxes, personal property taxes are assessed and collected at the county level, and many businesses systematically overpay because they have not audited their assessments, claimed available exemptions, or appealed erroneous valuations. A personal property tax analysis reviews a business’s tax obligations to identify overassessments, misclassifications, and available exemptions.

The Georgia Manufacturer’s Investment Tax Credit is a state income tax credit available to manufacturers and telecommunications companies that invest in qualified property at a Georgia facility. It rewards capital investment and is structured to provide higher credit rates in less economically developed counties. Governed by O.C.G.A. § 48-7-40.2.