This program provides for an exemption from the sales and use tax for machinery used directly in the manufacture of tangible personal property when the machinery is bought to replace or upgrade machinery in a manufacturing plant presently existing in the state.
A maximum of $150,000 of the purchase price of manufacturing machinery components, phased in over a five-year period at 20 percent per year, is eligible.
In addition, the program provides for an exemption from the sales and use tax for machinery used directly in the manufacture of tangible personal property when the machinery is incorporated as additional machinery for the first time into a manufacturing plant presently existing in the state.
See Georgia Department of Revenue Rules and Regulations 560-12-2-.62.