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

(1) Every project certified must be a 'competitive project,' which requires that: (a) The project considered for this exemption would otherwise locate outside of the state of Georgia without this incentive; and (b) The taxpayer provides a letter attesting to the competitiveness of the project. (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: (a) The projects geographic location within the State of Georgia; (b) The number of jobs created by the project; (c) The amount of private investment created by the project; (d) The average wage of the jobs created by the project; (e) The Commissioner's determination that the project would have a significant regional impact; and (f) Any other factors considered important by the Commissioner. (3) The following development types shall not be eligible for the exemption provided for in O.C.G.A. § 48-8-3(93): (a) Commercial developments; (b) Retail developments; (c) Residential developments; (d) Speculative industrial developments. Cite as Ga. Comp. R. & Regs. R. 159-3-1-.03
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.