• incur within Georgia a minimum of $1 million in construction, renovation, leasing, or other cots related to the establishment or relocation and

• employ at least 50 persons in new full time jobs at the headquarters and

• once the taxpayer has employed at least 50 persons in new full-time jobs at its headquarters, the average number of new full-time jobs at such headquarters must be at least 50 for a taxable year.

The amounts claimed under this credit may not exceed in any one taxable year $2,500.00 annually per new full-time job (or $5,000.00 if the average wage of the new full-time jobs created is 200 percent or more of the average wage of Chatham county) for five years.

This may be used to offset 100% of the taxpayers Georgia state income tax liability and, where the amount of such credit exceeds the taxpayers income tax liability in a taxable year, the excess may be taken as a credit against the taxpayers quarterly or monthly withholding tax payments.

The eligibility period is a total of twelve years---- which means that the taxpayer has 7 years after the first taxable year in which the new full time jobs have been created to create and claim credit for additional new headquarters jobs. There is a 10 year carry forward on unused credits for this program.