Form It-Hq - Application For Georgia Headquarters Job Tax Credit Page 5
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(REV 8/09)
TRACKING HEADQUARTERS EMPLOYEES ELIGIBLE FOR CREDIT/5 YEAR RULE**
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
Year
1
2
3
4
5
6
7
8
9
10
11
Line 1: Year 1 average full-
time jobs
(from Line 3 in the
above chart)
Line 2: Year 2 average jobs
increase (from line 5 above)
Line 3: Year 3 average jobs
increase (from line 5 above)
Line 4: Year 4 average jobs
increase (from line 5 above)
Line 5: Year 5 average jobs
increase (from line 5 above)
Line 6: Year 6 average jobs
increase (from line 5 above)
Line 7: Year 7 average jobs
increase (from line 5 above)
Line 8: Total number
(average) of new jobs eligible
for the credit
Line 9: Multiply Line 8 by
$2,500 or $5,000*
Line 10: Carryover from prior
years
Line 11: Add lines 9 and 10
*The taxpayer must maintain the minimum number of headquarters jobs in order to be eligible for the credit. Therefore, line 3 on page 4
must be at least 50 or 100 (depending on when the taxpayer first claimed the credit) in the year(s) the credit is claimed.
** Credit for each new full-time headquarters job may be claimed in the first year that the taxpayer creates the new full-time headquarters
job and to the extent the job is maintained in Georgia, for the following four years. Therefore, in this chart the taxpayer is tracking the
average new full-time headquarters jobs for 5 years.
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