TAX INCENTIVES

Bainbridge and Decatur County offer several different levels of tax incentives for businesses that are considering locating to the area. Listed below are the various tax incentives available and the details or qualifications associated with each. Some of the incentives are based on the amount of investment from the perspective business or entity while other incentives, such as the "Retraining Tax Credit" are based upon required actions that must be undertaken in order for the incentive to become available for the interested business or entity.

FREEPORT INVENTORY TAX EXEMPTION

Originally enacted in 1976 and subsequently amended several times, Georgia's freeport law offers manufacturers, distributors, wholesalers, and warehouse operations an attractive inventory tax exemption. A 100% exemption is in place in the City of Bainbridge and County-wide in Decatur County. The Freeport Inventory Tax Exemption applies to the following classes of personal property:

• Manufacturers' raw materials and good-in-process inventory.
• Manufacturers' finished goods held by the original manufacturer.
• Warehouse, distribution, or manufacturing firms with finished goods destined to be shipped outside Georgia.

JOB TAX CREDIT

Companies creating 5 or more jobs in Decatur County may receive a tax credit of $4,000 per new full-time employee for 5 years. This is applicable to businesses engaged in manufacturing, warehousing and distribution, processing, telecommunications, tourism and research and development. Total tax credit per new full-time employee is $20,000!
 

OTHER TAX CREDITS ALSO AVAILABLE

For other tax credits that may be available, be sure to contact our staff to request a list of any tax credits that may be available to your company if you are considering relocating in Decatur County.

 
 
QUICK START PROGRAM FOR BUSINESSES

Georgia's Quick Start program is nationally recognized for providing high quality training services at no cost to new or expanding businesses in Georgia. Since 1967, Quick Start has provided customized training for hundreds of thousands of employees and for thousands of businesses and industries throughout the state.

The Quick Start program was with one thing in mind — creating a program that would provide flexible, relevant training designed to help new, existing and expanding companies begin quality operations as quickly as possible.

For complete information on Georgia's Quick Start program, including elibility requirements and a detailed description of the program, please visit the following web site:

http://www.georgiaquickstart.org/quickstart/menu.html

FINANCING - INDUSTRIAL DEVELOPMENT BONDS

As the designated Industrial Development Authority for Bainbridge and Decatur County Georgia, we can assist industry in financing through issuing low interest tax free Industrial Bonds.