Elbert County has a variety of incentives available to new and existing industries. First, consider the incentives offered by the State of Georgia.
Because Elbert County is a Tier One county as designated by the State of Georgia, industry locating here is eligible for the maximum amount of State tax incentives. The State of Georgia offers Job Tax Credits against Georgia Income Tax to manufacturing companies locating or expanding in Georgia. The amount of credit and use of credit is determined by the Tier the State of Georgia designates each county. Being a Tier One, Elbert County companies are allowed the maximum access to Job Tax Credits. A manufacturer creating a minimum of at least five jobs per year qualify for the tax credit. For each year the job is maintained (up to five years) the company can claim a tax credit of $4,000 per job per year. Unused job tax credits may be carried forward ten years. Also since Elbert County is a Tier One, credits may be taken against 100 percent of corporate income tax liability or excess credits may be credited to Georgia payroll withholding taxes (with a limitation of $3,500 per job per year).
Georgia also has a Sales and Use Tax exemption. Manufacturing production machinery is exempt from state and local sales tax, as well as machinery or components bought to upgrade or replace existing machinery.
There are many incentives offered by the State of Georgia with just a few mentioned here. For complete information on available State of Georgia incentive information click here.
The Elbert County community also offers incentives such as:
Inventory Tax Exemption – 100% of qualified raw material, work-in-process and finished goods inventory are exemptable from property tax under Georgia’s “Freeport” law. Distribution and warehouse inventories also qualify if the goods are destined to be shipped out of state. A form must be filled out to receive the Freeport exemption. Please call or go by the Elbert County Tax Assessors office for the form. It is due by April 1. 706-283-2008. Learn more by clicking here and go to the Exemptions link.
Land in the Elberton Industrial Park – If an industry creates a minimum of 30 jobs and qualifies in other areas, the Development Authority will offer land as an incentive.
There are also other incentives available for qualifying industries such as: tax abatement, free utility hook-ups, rough land grading, industrial revenue bond financing and State/Federal grant or loan applications. Elbert County is able to work with the following agencies to apply for State or Federal grants and loans: OneGeorgia Authority, Appalachian Regional Commission, USDA and the Georgia Department of Community Affairs.
To find out if your industry qualifies for incentives, contact the Development Authority Executive Director Anna Grant Jones at ecdev@elberton.net.
Elbert County Designations
Tier One – This designation by the State of Georgia makes Elbert County most eligible for state grants and loans. Click here.
HUBZone (SBA designation) – Entire county is in HUBZone. Click here for information.
New Market Tax Credits (Federal designation) – Entire county qualifies. Click here for information.
Appalachian Regional Commission - Click here for information.
Incentive Partners
State of Georgia, click here.
OneGeorgia Authority, click here.
Appalachian Regional Commission, click here.
USDA Rural Development, click here.
Northeast Georgia Regional Commission, click here.
Georgia Department of Community Affairs, click here.
Quick Information on Taxes in Elbert County Sales and Use Tax 7% (includes 4% tax by State of Georgia)
Elbert County's Effective Tax Rate per $1000 $11.10
Elbert County, Georgia Tax Assessors Information click here.
