Industrial Revenue Bonds

Industrial Revenue Bonds (IRBs) are financing instruments issued through the Development Authority of Bulloch County, Georgia. Both taxable and tax-exempt industrial revenue bond financing is available at competitive, below-prime interest rates. IRBs provide financing for land, building and equipment acquisition for new and expanding manufacturing plants.

Tax Incentives

No Georgia sales tax is levied on equipment used in the manufacturing process. Property taxes are levied only by cities and counties. Bulloch County's taxes are among the lowest in the nation. For millage rates, refer to General Facts & Information. Jobs Tax Credit - $ 3,000 per job. See Georgia Business Expansion Support Act below.

Freeport Exemption

Bulloch County's freeport inventory tax exemption is fully implemented at the 100% level. Exemption from ad valorem taxes for inventories of finished goods held by original manufacturers; raw materials and goods in process; finished goods held by distributors, wholesalers and manufacturers but destined for out-of-state shipment.

One-Stop Environmental Permitting

Georgia offers efficient, one-stop environmental permitting through its Environmental Protection Division which is also approved by the U.S. Environmental Protection Agency to issue federally required permits. Costly and time-consuming environmental impact statements are not required.

Georgia Business Expansion Support Act

Job Tax Credit -- For companies engaged in manufacturing, warehousing and distribution, processing, tourism, and research and development industries. Companies creating 25 or more new jobs in Bulloch County will receive a $2,000 tax credit.

Capital Investment

Manufacturers which have been in operation at least three years may receive tax credits for plant expansions or facilities construction. An investment of $3 million receives a 3% credit which increases to 5% for recycling, pollution control and defense conversion activities.

Retraining

Firms providing retraining for employees may receive a tax credit of 25% of their costs, up to $500 per participant, to a maximum of 50% of state income tax liability.

Child Care

Companies providing or sponsoring child care for employees are eligible for a tax credit of 50% of their costs, up to 50% of state income tax liability.

Sales Tax Exemption

Various sales and use tax exemptions are available for manufacturing operations, material handling equipment, pollution control and electricity used directly in manufacturing a product. Certain provisions apply.