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Other Federal & State Tax Incentives

With the right process in place, your strategic investments can yield material tax credits.

"There are so many ways TCC can help your business. They are diligent in maximizing our ROI." - VP, Tax, Fortune 500 Manufacturing

Colorado

A variety of incentives are available for employers located in the state's Enterprise Zones. Colorado state tax credits are available for businesses investing in job training (whether that training occurs on-site or off-site). Incentives also apply to companies expanding their workforce.

Georgia

Georgia offers incentive programs that allow employers to offset either state income tax or payroll tax withholdings. There is a range of benefit available, based on the number of jobs created and the associated wage. Certain industries are excluded from qualification, and in order to be eligible for tax credits, jobs must be full-time.

New York

Applicable to the entire state of New York, state tax incentives reward employers for hiring and retaining youth (16-24) and veterans. The New York Youth Jobs Program offers state income tax credits of up to $7,500 to offset the wages of full-time or part-time employees. The state's Hire a Veteran credit can generate state income tax credits of up to 15% of the total wages paid.

South Carolina

Applicable to a number of industries, the South Carolina Jobs Tax Credit rewards companies for expanding their workforce. Depending on the business’ location within the state, incentives can reach $9,000 per job created. Once secured, credits are available for a five year window. Any unused portions of the credit can be carried forward.