Cartersville-Bartow County Economic Development P.O. Box 2224 Cartersville, GA 30120 Phone: 770.607.1199 |
Proactively recruiting industry since 1904, Cartersville-Bartow County, Georgia strategically strives to make doing business in the Location of Choice both easy and cost-effective. From site selection to Certificate of Occupancy, and ongoing existing industry support, the Department of Economic Development is available to help support each project as appropriate. Some examples of community incentives (statutory and discretionary) include:
Jurisdiction |
Exemption Level |
---|---|
Bartow County: |
100% |
This community has passed Referendums that offers manufacturers, distributors, wholesalers, and warehouse operations inventory tax exemptions on three (3) categories of property: (1) Manufacturer's raw materials and goods in process, (2) Finished goods held by the original manufacturer, and (3) Finished goods held by distributors, wholesales, and manufacturers destined for out-of-state shipments.
Qualified companies may be able to obtain certain property tax relief for new assets. This program is sometimes called, "Bonds for Title." In Bartow County, this discretionary incentive considered on a case-by-case basis is usually structured as a phase-in of property taxes (excluding school taxes) over a certain period of time such as 5 or more years for extraordinary opportunities. Special respect is given to existing industries. Important notes:
Many fees experience in other communities simply are not charged in Bartow. For example, there are no impact fees in unincorporated Bartow County.
Tier |
Minimum Net New Jobs |
Job Tax Credit $ |
Use of Credits |
Carry Forward |
3* |
15 |
$1,750 |
50% of tax liability |
10 years |
LDCT* | 5 | $3,500 |
100% of tax liability -excess to withholding |
10 years |
*The Job Tax Credit for qualified Georgia businesses is explained more in the Georgia Business Incentives Brochure.
Example: Taxpayer creates 50 jobs in a Tier 3 area offering a $1,750 credit, receives $437,500 in tax credits over five years to reduce their Georgia income tax [50 jobs x $1,750 x 5 years = $437,500].
*Census Tract 9602, Bartow County, Georgia. To determine the LDCT designation area for an address location, go to the Interactive Map of Potential Opportunity Zone areas for 2023. Click on the layer for the LDCT to have this layer shown on the map.
For more information on state incentives, visit Georgia.org.
Disclaimer: Cartersville-Bartow County Department of Economic Development does not provide tax or legal advice, but rather suggested options for a company's strategic consideration.
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Melinda Lemmon, 770.607.1197
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