Georgia's Telework Tax Credit
The State of Georgia was among the first states in the nation to offer a telework tax credit for employers. The Georgia General Assembly has allotted up to $2.5 million in credits for the 2010 tax year.
Businesses that start or expand telework programs can apply to receive the Georgia Telework Tax Credit (Code 48-7-29.11) in 2010:
- Up to $20,000 tax credit for planning, consulting, training and/or raw labor costs associated with starting or expanding a telework program*
- Additional tax credit of up to $1,200 per new teleworker
- Eligible expenses include equipment (computers, telecommunications, data entry, data processing) and software
To apply, employers must submit the tax credit application to the State Revenue Commissioner by October 31, 2009.
Employers will be informed of acceptance by December 31, 2009. Credits will be taken after purchases or payment in the form of a credit for the 2010 tax year. If the amounts of credits requested exceed the budgeted $2.5 million, then funds will be dispersed among employers on a pro rata basis.
Find out answers to frequently asked telework tax credit questions here.
The Clean Air Campaign’s telework experts can further explain how the credit works and they can even help guide you through the application process.
Contact us to learn more.
* Tax credits will be based on location of business within or outside of nonattainment areas for air pollution.