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;(c) Residential developments;(d) Speculative industrial developments.Ga. Comp. R. & Regs. R. 159-3-1-.03
O.C.G.A. § 48-8-3(93)(D).
Original Rule entitled "Eligible Projects" adopted. F. Mar. 18, 2021; eff. Apr. 7, 2021.