- Who We Serve
- Case Studies
The Georgia Department of Economic Development are helping business to expand through various tax benefits such as the Research and Development tax credit.
Research and development (R&D) tax credits are a valuable benefit for companies developing new products and services in Georgia.
R&D tax credits are available to any company that increases its qualified research spending. Brand new companies, existing companies embarking on R&D for the first time, established companies expanding their R&D budget – all are eligible for R&D tax credits.
The tax credit earned is a portion of the increase in R&D spending. The credit can be used to offset up to 50 percent of net Georgia income tax liability, after all other credits have been applied.
Any unused R&D tax credits can be carried forward for up to 10 years. In addition, new business enterprises in their first five years of operation can use excess R&D tax credits against state payroll withholding.
Contact Engineered Tax Services for further information on the Research and Development Tax Credit available to companies nationally.