WELCOME TO THE RURAL ZONE In 2018, Main Street Toccoa became one of the first nine Rural Zone tax credit districts in the State of Georgia.
TAX CREDITS INCLUDE: • $2,000/year/full-time equivalent job created within the zone for five years. At least two net, new full-time equivalent jobs
This special designation, which lasts from January 1, 2018 to De-
must be created and maintained in order to qualify for the job
cember 31, 2022, allows for special tax credits for property acqui-
credits or any additional credits listed below.
sition, property rehabilitation, and job creation in the Downtown Toccoa Rural Zone.
• Up to $125,000 credit (claimed over 5 years) for investing in the downtown area. This is capped at 25% of the total investment cost, not to exceed $25,000 in credits claimed over 5 years.
• Up to $150,000 credit (claimed over 3 years) for rehabilitating structures in the downtown area. This is capped at 30% of the total investment cost, not to exceed $50,000 in credits claimed over the three years. Whether you want to hire a new employee, purchase a building, or do some interior and exterior remodeling, there is no better place to locate your business than Downtown Toccoa.
We are proud to work with the State of Georgia to offer you these special tax credits simply for being downtown. Welcome to the Rural Zone.
WELCOME TO THE
RURAL ZONE LIVING ON MAIN STREET • 21
