![]() |
|||||||||
![]() |
|||||||||
Opportunity Zones Program Description | Downloads & Related Links | Contact Information Due to comments received at the Regulation Hearing on September 28th, DCA is forming a Work Group to review the proposed reporting requirements and recommend changes. Updates on the regulation status will be posted on this page as they become available. Opportunity Zone QuestionnaireProposed Opportunity Zone Regulations Program DescriptionLocal governments which undertake redevelopment and revitalization efforts in certain older commercial and industrial areas can now qualify those areas for the State’s maximum state job tax credit of $3,500 per job. The incentive which is available for new or existing businesses which create two or more jobs are credits which can be taken against the business’s income tax liability and state payroll withholding. The credits are available for areas designated by DCA as “Opportunity Zones”. DCA will consider designations for areas that are within or adjacent to a census block group with 15% or greater poverty where an enterprise zone or urban redevelopment plan exists. Opportunity Zone Tax Credit Incentives:
The maps and documents outlined below list currently available Zones. Zone administrators are generally listed on the maps or in the documents Designated Opportunity Zones Current Opportunity Zone Designations (PDF) Augusta-Richmond County OZ Map (PDF) Eatonton OZ Map (PDF) Hawkinsville and Pulaski County OZ Map (PDF) Payne City OZ Map (PDF) Perry OZ Map (PDF ) Opportunity Zone Detail Contacts for Designated Opportunity Zones (PDF)Opportunity Zone Certification (PDF) OZ Job Tax Credit and Withholding Benefit - 2008 and Prior (PDF) OZ Job Tax Credit and Withholding Benefit - 2009 and Forward (PDF) Presentation on How to Utilize the Job Tax Credit in an Opportunity Zone (26.5MB PowerPoint) Downloads & Related LinksOpportunity Zone Tax Credit Regulations (PDF) Contact InformationTo learn more, contact Joanie Perry at (404) 679-3173. Georgia Department of Community Affairs |
|||||||||
Copyright © 2004-2010 The Georgia Department of Community
Affairs. All Rights Reserved. |