Rule 159-3-1-.03. Eligible Projects

1. (1) Every project certified must be a 'competitive project,' which requires that:

   1. (a) The project considered for this exemption would otherwise locate outside of the state of Georgia without this incentive; and
   2. (b) The taxpayer provides a letter attesting to the competitiveness of the project.

2. (2) The project must be 'regionally significant.' A determination of regional significance will be made by the Commissioner of Economic Development and be based on factors including but not limited to:

   1. (a) The projects geographic location within the State of Georgia;
   2. (b) The number of jobs created by the project;
   3. (c) The amount of private investment created by the project;
   4. (d) The average wage of the jobs created by the project;
   5. (e) The Commissioner's determination that the project would have a significant regional impact; and
   6. (f) Any other factors considered important by the Commissioner.

3. (3) The following development types shall not be eligible for the exemption provided for in O.C.G.A. § 48-8-3(93):

   1. (a) Commercial developments;
   2. (b) Retail developments;
   3. (c) Residential developments;
   4. (d) Speculative industrial developments.

Authority: O.C.G.A. § 48-8-3(93)(D).

History. Original Rule entitled "Eligible Projects" adopted. F. Mar. 18, 2021; eff. Apr. 7, 2021.