An economic development incentive program that offsets the cost of training existing employees on new technology or systems, up to $1,250 annually per employee in tax incentives.
The Georgia Retraining Tax Credit enables Georgia businesses to offset the cost of their investment in employees. Whether training workers to use new equipment or new technology or upgrading the company's competitiveness with ISO 9000 training, companies can afford to invest in the workforce more often, thanks to Georgia's tax credit program.
The ideal company for this credit is a technology-forward company or a manufacturer with multiple locations and over 50 employees. We have closed RTC projects in over 15 different industries, including Health Care, Transportation, Food & Beverage, and Construction.
Any business that files a Georgia income tax return is eligible for the retraining tax credit. To qualify, training programs must be designed to enhance quality and productivity or teach certain software technologies. Retraining must be provided by any qualified source, including company trainers, training vendors, technical colleges, or universities.
Qualifies
Does Not Qualify
Eligibility
A business is eligible if they have one of the following activities:
Examples of Software Include: