- The tax credit is $3,500 per net new job. For example, $175,000 tax credit for 10 new jobs in an Opportunity Zone over a 5 year period($3,500 X 10 X 5)
- Right now you have three years of potential benefits to consider: last year, this year, and plans for next year.
- Be on the lookout, because the designated Opportunity Zones may be introduced throughout the year. For example, the Forest Park (Clayton County) zone was started April 25, 2017.
- Benefit $$s go to any company or pass-through equity owners that pay Georgia income taxes. As an alternative, the tax credit can be used against Georgia payroll withholding taxes.