As a Tier 1 community, businesses that open or expand in Screven County qualify for the maximum job tax credit of $4,000 per job for five new full-time year-round jobs added in any calendar year.
For example, a taxpayer creating 50 jobs in a tier 1 county offering a $4,000 credit receives $1 million in tax credits over five years to reduce or eliminate Georgia income tax. That number doubles with 100 jobs.
Other tax exemptions such as sales and use are also available. Additional state incentives are available on a case-by-case basis.
Freeport is the general term used for the exemption of ad valorem tax on inventories as defined by Georgia law. The law offers manufacturers, distributors, wholesalers and warehouse operations an attractive inventory tax exemption on three classes of property. Sylvania and Screven County exempt 100 percent on all classes of certain business inventory from property taxation.
The Screven County Development Authority is the primary conduit for a number of statutory and negotiable business incentives, tax abatements, and tax credits, whether utilizing local, regional, State, or any combination of opportunities offered to qualified industrial prospects.
The Screven County Development Authority can offer a variety of incentives from tax abatements to ground work, based on job investment and creation. The SCDA also has the power to issue industrial revenue bonds. For more information on how you can take advantage of these incentives, contact the SCDA at 912-531-2024.