Incentives & Taxes

Bacon County, Georgia offers an aggressive package of incentives for potential relocating and expanding businesses to encourage investment and job creation. The Bacon County Development Authority is eager to help your business grow. Possible incentives may include:

  • Available land at low cost
  • Local tax assistance and tax abatement schedules through the Bacon County Development Authority
  • Industrial Revenue Bond Financing (IRB) available through the Bacon County Development Authority
  • One Georgia Grants
  • For at least 10 net new jobs created, $3,000 Job Tax Credit per new job each year for five years (Unused job tax credits can be carried forward for up to 10 years.) Bacon County is a Tier 2 community.
  • 100% Freeport Exemption for work in process, raw materials and finished goods destined to be shipped out of state
  • Quick Start training for employees at no cost
  • Infrastructure improvements
  • Strong local banking institutions for assistance in financing
  • Competitive utility rates and high-speed, large bandwidth Internet services (available in 95% of Bacon County), including fiber connections at 100 Mb and 1000 Mb

Click here for more information on other available state tax credits for investment, retraining, ports, etc. For information about local incentives, please contact the Bacon County Development Authority at 912-632-1800.

Main image - 700x475

Taxes

Georgia’s low corporate tax rate of 6%; single factor apportionment formula applies the corporate tax rate only to gross receipts or sales in Georgia, significantly reducing the tax rate of Georgia companies with substantial sales to customers outside of Georgia.

Taxes on real estate and tangible personal property are levied by the City of Alma, Bacon County, and the Bacon County School District. The taxes are collected by the county. The tax rates are set annually, but do not significantly change from year to year. All properties are assessed at 40% of fair market value. The effective tax rate represents total tax as a percentage of fair market value.

Millage Rates
City of Alma 11.542
Bacon County 13.726
Bacon County Schools 15.000
Sales tax in Bacon County is 7%: 4% state, 3% local.