State Case Study 3
The Client:
-A large company that operates Grocery Stores and Food Distribution entities
-Opened 4 new stores in rural Georgia counties creating 20 jobs per new store
-Various other new stores and expansions throughout the Eastern US
The Results:
$1.2 million in Job Tax Credits over 5 years and over $500,000 in other state tax credits.
This client owns various grocery store chains and food service businesses. They opened stores in counties that are less developed in Georgia. In these counties, an exception to the general rule allows retail businesses to claim the Georgia Job Tax Credit, which is a hiring credit, based on new jobs created. The result was over $1 million in credits over several years. We also performed a review of all state tax credits claimed by this client and found additional credits that were available, leading to over $500,000 in additional savings in various states around the country.
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