Savannah Reduces Business License Fees

February 1, 2012

In an effort to assist struggling businesses in tough economic times, city officials have agreed to cut Savannah, GA business license taxes considerably for the next three years. The cuts will only apply to businesses operating in neighborhoods that have been most affected by the nation’s bleak economy.

Savannah Business Journal reports on the details of the business license cuts. “The new incentive, called the Economic Development Credit, reduces their Business Tax Certificate fees by 50% in Year 1; 30% in Year 2, and 20% in Year 3.”

Only qualifying businesses, mainly businesses who have a valid Business License Tax Certificate from 2010 and employ a minimum of 2 full time workers, will qualify for the business license tax relief.

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