- The ranking changes apply to Job Tax Credits and Investment Tax Credits.
- Changes may adversely impact your clients’ Job Tax Credits based on their County Tier, overall ranking (Bottom 40), Less Developed Census Tract, or Military Zone.
- No impact on Opportunity Zone tax credits. However, zones may be added, expanded or removed during the year (click here).
- A Notice Of Intent may need to be filed to maintain your client’s tier, zone, or Less Developed Census Tract designation. The form must be filed no later than March 31, 2018 (to download form, click here).
So remember to review your clients’ plans for 2018. Job Tax Credits may be available if they plan to increase employment levels, open new or change locations in Georgia, or buy another company. And it all depends on their location, location, location!