Georgia Retraining Tax Credit
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.
Keeping up with the eligibility guidelines and filing requirements can be overwhelming. Leave the heavy lifting to our team of tax incentive experts and let us take these time-consuming tasks off your plate :
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Ensuring your client is matched with the credits and incentives that are most appropriate for their needs
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Collecting necessary data and documentation and completing complex calculations
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Create an audit-ready tax incentive package that clearly identifies each key component of the calculation and supporting documentation
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About the Retraining Tax Credit
Qualifying for the Retraining Tax Credit
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
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Conferences for new technologies
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New or upgraded tools
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New or upgraded software
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Office equipment training
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Lean, and Six Sigma training
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New or upgraded equipment for production, business operations, physical facilities, etc.
Does Not Qualify
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Executive coaching
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Workshops for middle and senior managers
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OSHA/EPA/DOT compliance
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First Aid/CPR
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Interpersonal skills training
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Conferences for non-technical subject matter
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Eligibility
A business is eligible if they have one of the following activities:
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Moving from manual, pen & paper processes to software
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Switching technology providers
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Training current employees on new equipment
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Upgrading to a newer version or buying more features of an existing software tool
Examples of Software Include
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Accounting/finance/billing/payroll
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HRIS (HR Information System)
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Job costing and estimating
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Warehouse and inventory management
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Electronic medical record systems
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Dealer management systems
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Document management
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Customer relationship management (CRM)