Toccoa Rural Zone

Background

In 2017, Downtown Toccoa was designated 1 of only 9 Rural Zones in the State of Georgia. This special designation, applicable from January 1, 2018 - December 31, 2022, allows for special tax credits for property acquisition, property rehabilitation, and job creation in the designated Downtown Toccoa Rural Zone.

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 must be created and maintained in order to qualify for the job credits or any additional credits listed below.
• 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 five 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.

Main Street Toccoa will serve as the Rural Zone point-of-contact with the Georgia Department of Community Affairs. The following links will assist you in garnering your Rural Zone tax credits.