The Georgia Department of Community Affairs (DCA) has just released the 2012 Tier Rankings (click here) used for Job and Investment Credits.
We help companies all over Georgia identify and obtain tax credits. Tax credits maximized. Risk minimized.
Posts Tagged ‘Georgia Department of Community Affairs’
Opportunity Knocks — Proceed With Caution!
The number of tax credit Opportunity Zones has been increased by DCA (click here). It was announced recently that the City of Atlanta has been approved for some new zones.
This tax credit can get complex, since the local Opportunity Zone contact person, DCA, and DOR have to be in the loop for approval. If the tax credit is going to be utilized against payroll withholding taxes, another level of complexity is added. These tax credit $$ can really add up – but proceed with caution!
New Job Tax Credit Tier Rankings
The 2011 Job Tax Credit tier rankings have been published by the Department of Community Affairs / DCA (click here ).
If your client’s tier ranking or less developed census tract listing changed for the worse, make sure you submit the Notice Of Intent no later than February 15, 2011 (click here).
Going forward, remember to advise your clients who are adding jobs to be aware of the threshold levels so they add at least the minimum number of jobs to qualify for the credit.
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