Carroll County has a 3% local sales tax in addition to the 4% state sales tax.
Industrial projects locating within Carroll County have the opportunity to take advantage of the following incentive and concessions:
- Job Tax Credit: $1,750 per full-time job for 5 years
- Investment Tax Credit 100%
- Freeport on all three inventory classes
- Retraining Tax Credit
- Child Care Credit
- Manufacturing Machinery and Computer Tax Exemption
- Primary Material Handling Sales Tax Exemption
- Research and Development Tax Credit
- Small Business Growth Companies Tax Credit
- Headquarters Tax Credit
- Rehabilitation Tax Credit
- Georgia Minority Subcontractors Tax Credit
- Georgia State Enterprise Zone: city, county, and state ad valorem tax abatements on properties located within the zone (does not include school ad valorem taxes)
Concessionary Funding Opportunities:
Tax-Exempt Industrial Development Bond Financing is available at both state and local levels. Industrial development bond financing has been successful for several large industrial projects in Carroll County recently which included property tax exemption on a sliding scale of 100%-0% over ten years (did not include school taxes).
- Quick Start Training
- ICAPP Workforce Training
- TMC Occupational Health Services
- Georgia Tech Manufacturing Extension Regional Office
- Georgia Tech Government Procurement Assistance Center
- The Burson Center Business Incubator & Resource Center
- One Stop Environmental Permitting
- Ground leases
- 12 local financial institutions
- West Georgia Technical College job training
- University of West Georgia (research, training, interns)
Job Tax Credit:
Job Tax Credit – Strategic industries such as distribution, technology, manufacturing, telecom, processing companies and their headquarters qualify for Georgia’s Job Tax Credit. Depending on the community’s tier, companies must create between five and 25 net new jobs per year to qualify. For each year (up to five years) the jobs are maintained, qualified companies can claim a tax credit with a value of $750 – $3,500 per job, per year. An additional $500 credit is offered in counties that participate in a multi-county joint development authority. Unused job tax credits may be carried forward ten years.
In Tier 1 and 2 counties, credits may be taken against 100 percent of corporate income tax liability, 50 percent in Tiers 3 and 4. Excess credits may be carried forward for ten years.
|Tier||Job Tax Credit $||Jobs||Use of Credits||Carry Forward
||50% of tax liability
*includes $500 bonus for Joint Development Authority. Georgia counties can form partnerships which benefit companies with this $500 Job Tax Credit bonus.
Joint Development Authority:
Yes. Carroll County is an active participant in the Greater West Georgia Joint Development Authority (GWGJDA).
Investment Tax Credit:
Existing manufacturing or telecommunications companies that have operated a facility in Georgia for at least three years, and which make a minimum $50,000 additional qualified capital investment, may claim from 3% of the new investment as a tax credit. Higher credits (5%) are available for investments in recycling or pollution control equipment and for defense plant manufacturing conversion to a new product. Taxpayers must choose either the investment tax credit or the job tax credit. This credit may be applied against 50 percent of tax liability and carried forward for ten years.
|Tier||Investment Credits||Limits of Credits||Carry Forward||Minimum Investment
||1% – 3%*
||50% of tax liability
*Recycle, Defense Conversion, Pollution Control
Freeport is the general term used for the exemption of ad valorem tax on inventories as defined by Georgia law. The law offers manufacturers, distributors, wholesalers and warehouse operations an attractive inventory tax exemption on three classes of property.
Carroll County and Carrollton exempt 100% on all classes of certain business inventory from property taxation.