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Dec 19, 2024
What sales tax incentives are available for businesses in Georgia’s manufacturing and entertainment industries?
In 2024, Georgia offers several sales tax incentives to support manufacturing and entertainment industries:
Manufacturing Machinery and Equipment Exemptions: Tax-free purchases for manufacturing-related equipment.
Agricultural Machinery and Equipment Exemptions: Tax exemptions for agricultural businesses on equipment.
Energy Used in Manufacturing: Exemptions for energy costs used in manufacturing.
Enterprise Zones: Sales tax abatements for businesses in designated zones to stimulate economic development.
Sales Tax Holiday: Occasionally offered on back-to-school supplies or energy-efficient appliances.
Tax Credits for Job Creation: Credits for businesses creating new jobs.
Research and Development Tax Credit: Credits for qualifying R&D activities.
These incentives aim to reduce tax burdens and foster economic growth in key sectors.
