Employer-provided retraining refers to approved retraining conducted by instructors who are employees of the company. Employer-sponsored retraining refers to a contractual arrangement with a technical college, university, college, or other training provider which offers approved retraining that is paid for by the employer. Successful completion of retraining programs means that an employee enrolled in an approved retraining program has demonstrated, through formal assessments, the ability to perform the job skills which the retraining program was designed to provide. Program Operations Procedures for Approval of Retraining Programs Company contacts the VP, Economic Development Programs at the local Technical College or the state office of Economic Development Programs for information and application package. Company submits Georgia Retraining Tax Credit Program Approval Application and provides other requested information to the VP, Economic Development Programs at the local Technical College.
Application package is reviewed against established program criteria.
Retraining program is approved and company is notified. Company implements retraining. Company submits a Georgia Retraining Tax Credit Program Completion Form to the VP, Economic Development Programs at the local Technical College. VP signs and returns form to company. Company attaches form to income tax return and files for income tax credit.