2020 job tax credit designations explained
- ignations for the four counties served by the Northwest Georgia Joint Development Authority did not change in 2020.
The Georgia Department of Community Affairs, or DCA, announced its 2020 designations for individual counties. Designations fall within four tiers. Counties in Tier 1 are considered the most economically disadvantaged, receive the highest credit and have the lowest be eligible for the program, while Tier 4 counties fall at the opposite end of the spectrum.
Dade, Catoosa, Chattooga and Walker counties designations remain the same in 2020 as in 2019, with Dade and Catoosa in Tier 3, Walker in Tier 2 and Chattooga in Tier 1. Because these coun development authority, or JDA, an additional $500 requirements are met.
“This ($500 JDA bonus - gram increases the community’s competitive advantage and saves money on a liability,” said Melissa Skinner, marketing specialist at the Northwest Georgia JDA.
{div}Skinner named some businesses that have benefited from using the JDA’s credit.
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{div}Catoosa County’s Shaw LVT Plant in Ringgold used the program when each for the JDA credit each results over five years results in the business sav
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{div}Audia Plastics in La - five years, the business saves he said.
- nesses in Dade and Catoosa counties must create at meet the requirement of defined business enterprises as listed by DCA to be eligible for a $1,250 credit per net credits may be used against 50% of the business’ income
- nesses in Walker County must create at least 10 net - quirement of defined business enterprises as listed by DCA to be eligible for a $2,500 credit per net new - its may be used against 100% liability.
- nesses in Chattooga County must create at least two net - quirement of defined business enterprises as listed by DCA to be eligible for a $3,500 credit per net new - its may be used against 100% liability and withholding. According to DCA:
♦ Only 20 Georgia counties do not participate in a - ment authority.
♦ The required number of - a newly-created positions not previously located in this state.
♦ The employee must work a minimum of 35 hours each week to be considered full time for the credit.
♦ - fered health insurance upon does not have to pay for such
♦ The average wage of each or above the average wage of the county with the lowest average wage in the state. Check with DCA for the current average waged used for the threshold.
♦ - ment must be met within a credit may first be claimed - may claim the credit on the are then maintained for the credit on each of those years’
♦ The credit is claimed by filing Form IT-CA with the Georgia corporation income
♦ The credit may be filed within one year of the origi
♦ The business has 10 years credit.
♦ There is no application process. The business must meet the program eligibility requirements and create eli However, if located within an opportunity zone, then the opportunity zone certification form must be completed and accepted prior
♦ Check with DCA for information related to designated opportunity zones, less developed census tracts and military zones.
Catherine Edgemon is assistant editor for the Walker County Messenger in LaFayette, Ga., and the Catoosa County News in Ringgold, Ga.
RAMIREZ, Mary Watson
Mary Louise Ramirez, age 69 passed away in a Madison, Wisconsin hospital on Tuesday, March 3, 2020. She was born to the late Charles Marion Watson and Virginia Maxine Everette Watson in LaFayette.
She is survived by long time friend, Steve Bartus of Wisconsin, her sons Bryan (Carrie), and Paul Ramirez. Bryan and Carrie’s daughters, Eliza and Alaina of Madison, Wisconsin, brother, Chuck Watson (Debbie) of LaFayette, sister, Teri Bagley (Joel) of Chattanooga.
I AM NOT THERE
Do not stand by my grave and weep, for I am not there, I do not sleep. I am a thousand winds that blow. I am diamonds that glint on snow. I am the sunlight on ripened grain. I am the gentle autumn rain. When you awaken in the morning hush I am the swift uplifting rush of am the soft stars that shine at night. Do not stand at my grave and cry. I am not there. I did not die.
— Author Unknown