Taxes & Incentives
Why Should I Do Business in Gwinnett?
Looking for a place that incentivizes business growth? Look no further than Gwinnett County. Gwinnett and Georgia have generous tax policies, tax allocation districts, tax credits, and training programs aimed to make doing business as easy as possible. Ranging from tax credits for new businesses in target sectors to free employee training to help improve the skill sets of the workforce, Gwinnett County supports the advancement of small businesses to multi-million-dollar companies.
Georgia Incentives
Child Care Tax Credit
For employers who purchase or build a state-licensed child care facility, the credit is equal to 100% of the cost of purchase or construction which is earned over 10 years (10% each year). Unused credits can be carried forward for three years. Employers who provide or sponsor child care at a state-licensed facility are eligible for a credit equal to 75% of the employer’s direct costs.
PPE Production Tax Credit
This credit rewards job creation that expands the manufacture of Personal Protection Equipment and hand sanitizer in Georgia. When eligible, PPE manufacturers can claim an additional $1,250 per job per year for five years.
Digital Entertainment Tax Credit
A tax credit of 20% may be available to digital/interactive entertainment production companies with a minimum of $250,000 in qualified expenditures in Georgia. An additional 10% uplift can be earned by including an embedded Georgia logo and web link on the project’s promotional webpage or through approved alternatives.
Premium Tax Credit
Georgia offers a tax credit against the annual premium tax applied to insurance companies in the state. The tax credit is earned based on new job creation in Georgia
High-Paying Job Creation Tax Credit
Companies may receive Quality Jobs Tax Credits if they create and maintain net new jobs that pay at least 110% of the county’s average wage.
Research & Development Tax Credit
Georgia companies performing research and development activities in the state may be eligible for tax credits.
Investment Tax Credit
Gwinnett County manufacturing and telecommunications companies may receive up to 3% credit toward 50% of their tax liability by making a minimum $100,000 investment in a new or existing facility in Georgia.
Retraining Tax Credit
This credit mitigates the cost of a company’s investment in new technologies in the form of tax credits for retraining existing employees on the new equipment or software.
Job Tax Credit
$1,750 per new job created, minimum 15 new jobs, that can offset 50% of a company’s income tax liability.
Special Zones
Gwinnett County opportunity zones allow businesses in these areas to use excess job tax credits to offset state payroll withholding liability. Federal opportunity zones reward private investment with temporary deferrals of federal capital gains taxes.
Mega Project Tax Credit
Companies may claim a $5,250 per job, per year, tax credit for the first five years of each net new job position if they hire at least 1,800 net new full-time employees; either invest a minimum of $450 million or have a minimum annual payroll of $150 million; and either pay an average wage above specified minimums or show high growth potential.
Tax Allocation District (TAD)
A Tax Allocation District is a performance-based incentive used to support redevelopment in underutilized areas. In Gwinnett County, Tax Allocation District financing helps advance projects that create jobs, improve infrastructure, and drive long-term economic growth. Tax Allocation District assistance is reserved for projects that would not be feasible without it, with priority given to catalytic developments and major infrastructure improvements. Eligible uses include land acquisition, site preparation, demolition, environmental remediation, public infrastructure, and related professional services. Tax Allocation District funding typically does not exceed 15% of total project costs and is not available retroactively.
Port Tax Credit
The port tax credit is an additional $1,250 per job, per year, for up to five years for taxpayers with qualified increases in shipments through a Georgia port. The $1,250 is added to the Job Tax Credit.
Tax Exemptions
The state offers sales and use tax exemptions for manufacturers, data centers and distribution centers under specific circumstances.
-
Foreign Trade Zone
-
Foreign Trade Zone
Gwinnett County is within Foreign Trade Zone #26. A FTZ is a federally designated site created to help businesses remain competitive in a global marketplace, with lower duties, reduced processing fees and quicker movement of goods from the port.
-
Freeport Exemption
-
Freeport Exemption
Gwinnett County offers 100 percent Freeport Exemption on tangible personal property including inventory of goods in process of being manufactured or produced, finished goods manufactured or produced within Georgia and finished goods destined for shipment outside Georgia.
-
Property Taxes
-
Property Taxes
In Georgia, property is required to be assessed at 40% of the fair market value unless otherwise specified by law. The Gwinnett County Board of Commissioners sets the millage rate for the county. The billing and collection of taxes is the responsibility of the Tax Commissioner.
For annual millage rate updates, visit the Tax Commissioner’s website.
-
Sales Tax
-
Sales Tax
Sales tax in Gwinnett County is 6 percent, which includes 4 percent for state taxes, 1 percent for schools’ E-SPLOST, and 1 percent for our SPLOST program which is used for capital improvement projects, like County and city facilities, acres of greenspace, parks and recreation facilities, new roads and improvements, police and fire stations, and libraries around the county.
-
Corporate Income Tax
-
Corporate Income Tax
Georgia’s corporate income tax rate of 5.39 percent applies only to the portion of income earned in Georgia. Currently, Georgia is transitioning to a sales only corporate income tax rate. Georgia will be the first state in the Southeastern United States to make this change.
Corporations may also have to pay a net worth tax. This tax is based on the net worth of a corporation, levied in exchange for the privilege of doing business or exercising a corporate franchise in Georgia.
Foreign Trade Zone
Gwinnett County is within Foreign Trade Zone #26. A FTZ is a federally designated site created to help businesses remain competitive in a global marketplace, with lower duties, reduced processing fees and quicker movement of goods from the port.
Freeport Exemption
Gwinnett County offers 100 percent Freeport Exemption on tangible personal property including inventory of goods in process of being manufactured or produced, finished goods manufactured or produced within Georgia and finished goods destined for shipment outside Georgia.
Property Taxes
In Georgia, property is required to be assessed at 40% of the fair market value unless otherwise specified by law. The Gwinnett County Board of Commissioners sets the millage rate for the county. The billing and collection of taxes is the responsibility of the Tax Commissioner.
For annual millage rate updates, visit the Tax Commissioner’s website.
Sales Tax
Sales tax in Gwinnett County is 6 percent, which includes 4 percent for state taxes, 1 percent for schools’ E-SPLOST, and 1 percent for our SPLOST program which is used for capital improvement projects, like County and city facilities, acres of greenspace, parks and recreation facilities, new roads and improvements, police and fire stations, and libraries around the county.
Corporate Income Tax
Georgia’s corporate income tax rate of 5.39 percent applies only to the portion of income earned in Georgia. Currently, Georgia is transitioning to a sales only corporate income tax rate. Georgia will be the first state in the Southeastern United States to make this change.
Corporations may also have to pay a net worth tax. This tax is based on the net worth of a corporation, levied in exchange for the privilege of doing business or exercising a corporate franchise in Georgia.
Stay Connected With Partnership Gwinnett
Subscribe to our newsletter for the latest updates, insights, and resources to help your business thrive. Stay connected with Partnership Gwinnett and never miss an opportunity to grow and succeed.