Retraining Tax Credit

Retraining tax credits enable Georgia businesses to offset investment in employees. Whether a company is retraining employees to use new equipment, learn new technology, or upgrading the company’s competitiveness with ISO 9000 training, companies can afford to invest in their employees, more often, thanks to Georgia’s tax program.

Businesses can receive a tax credit of 50 percent of their direct training expenses, with up to a $500 credit per full time employee, per training program. The annual maximum of the credit amounts to $1,250 per employee. Eligible expenses include cost of instructors and teaching materials, employee wages during retraining, and reasonable travel expenses.

Retraining tax credits can be used to offset up to 50 percent of a company’s Georgia corporate income tax liability. If the earned credit exceeds that limit, the unused credit can be carried forward for up to 10 years and applied to future years’ tax liability.

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. To qualify for a credit, retraining expenses must be approved by the Technical College System of Georgia.

Save your company money! Call today to learn about the process! Contact the SGTC Economic Development Office at 229.931.2040.

Find out more about Georgia’s Job Retraining Tax Credit at: