Lower State Taxes

Single Factor Apportionment
Georgia’s new formula for calculating corporate income tax significantly reduces the effective rate of taxation of Georgia-based manufacturing, sales and service companies with substantial sales to customers outside Georgia. Georgia’s six percent corporate income tax rate applies only to the portion of income that is earned in Georgia.

Companies operating in Georgia use a "Single Factor Gross Receipts" apportionment formula. This formula substantially reduces Georgia income tax for companies that are based in the state but deliver a large portion of products or services to customers outside Georgia. Gross Receipts, or sales in Georgia, is the only factor used to determine the amount of a company’s income subject to Georgia income tax.

Georgia was the first southeastern state to adopt single-factor apportionment for state income taxes. In addition, Georgia’s broad definition of what sales qualify as out-of-state means that tax savings in Georgia will likely exceed those of future states to adopt single-factor apportionment.

Corporate Net Worth Tax
Corporations that own property or do business in Georgia are subject to Net Worth Tax. The amount of the tax varies according to the corporation’s net worth. The minimum tax is $10 for a net worth less than $10,001. The maximum is $5,000 for a net worth in excess of $22 million.

Unemployment Taxes
Georgia’s unemployment insurance law is administered by the Georgia Department of Labor. For new employers, the tax rate is 2.7% and can be adjusted after an unemployment history for the company is established. For more information, visit the Georgia Department of Labor’s website.


The SCDA is responsible for the recruitment of new businesses including industrial, manufacturing, distribution, corporate and regional headquarters and customer service centers. It also provides support and assistance with all other types of economic development projects.

The SCDA also works with existing businesses and industries to ensure their continued success. While recruitment of new industry is a significant function, aiding in existing industry expansion and retention is just as significant. About 80 percent of all new jobs in Georgia come as a result of existing industry expansion.

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A couple of years ago, the Stephens County Development Authority informed us that we were located in an Opportunity Zone which qualified us for tax credits that were applied to our GA payroll taxes for adding new employees. We were able to realize these savings. We are thankful to our local development authority for making sure that we were taking advantage of all the tax credits available to us. -
From the beginning of our interest in moving to Toccoa-Stephens County, the Stephens County Development Authority made regular trips to our office to make sure we are adjusting to our new home and acclimated to the community resources in Stephens County. They provided a wealth of information on Georgia Business Incentives and tax incentives specific to Stephens County. They introduced us to many connections in Stephens County. We now are well connected with the Department of Labor and attend their monthly meeting and after SCDA's help with some paperwork we have taken advantage of GDOL's Incumbent Worker Program. The Development Authority also shared their long list of local vendors with us and we were able to find our utilities provider, an insurance agent, a computer technician and research local CPAs. Basically, the SCDA is our go to. If we can't figure it out or just need some guidance on an issue we don't hesitate to pick up the phone and call. We definitely appreciate the Stephens County Development Authority's efforts to make Toccoa a great place to do business. They truly make us feel welcome and appreciated in Stephens County! -
31 W. Doyle Street, Toccoa GA 30577
Mon-Fri 8:30 am to 5:30 pm
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