O.C.G.A. § 48-13-73 (2019)
Amount of corporate net worth tax; amount for taxable period less than six months
(a) The tax imposed by this article shall be based upon corporate net worth according to the following table: Corporations with Net Worth Including Issued Capital Stock, Paid-in Surplus, and Earned Surplus Over $100,000.00 and not exceeding $150,000.00 ..........
Amount of Tax $ 125.00 Over $150,000.00 and not exceeding $200,000.00 ..........
150.00 Over $200,000.00 and not exceeding $300,000.00 ..........
200.00 Over $300,000.00 and not exceeding $500,000.00 ..........
250.00 Over $500,000.00 and not exceeding $750,000.00 ..........
300.00 Over $750,000.00 and not exceeding $1,000,000.00 .....
500.00 Over $1,000,000.00 and not exceeding $2,000,000.00 .....
750.00 Over $2,000,000.00 and not exceeding $4,000,000.00 ....
1,000.00 Over $4,000,000.00 and not exceeding $6,000,000.00 ....
1,250.00 Over $6,000,000.00 and not exceeding $8,000,000.00 ....
1,500.00 Over $8,000,000.00 and not exceeding $10,000,000.00 ....
1,750.00 Over $10,000,000.00 and not exceeding $12,000,000.00 ...
2,000.00 Over $12,000,000.00 and not exceeding $14,000,000.00 ...
2,500.00 Over $14,000,000.00 and not exceeding $16,000,000.00 ...
3,000.00 Over $16,000,000.00 and not exceeding $18,000,000.00 ...
3,500.00 Over $18,000,000.00 and not exceeding $20,000,000.00 ...
4,000.00 Over $20,000,000.00 and not exceeding $22,000,000.00 ...
4,500.00 Over $22,000,000.00 .........................
5,000.00
(b) With respect to any corporation coming into existence or becoming subject to the tax for the first time for an initial taxable period of less than six months, the tax imposed for such period shall be 50 percent of the tax imposed by this article for an entire year.
History
Ga. L. 1929, p. 84, § 1; Ga. L. 1931, Ex. Sess. p. 76, § 1; Code 1933, §§ 92-2401, 92-2403; Ga. L. 1935, p. 11, § 2; Ga. L. 1941, p. 204, § 1; Ga. L. 1951, p. 157, § 5a; Ga. L. 1952, p. 371, § 1; Ga. L. 1953, Jan.-Feb. Sess., p. 290, § 6; Ga. L. 1953, Jan.-Feb. Sess., p. 295, § 1; Code 1933, § 92-2401, enacted by Ga. L. 1976, p. 1580, § 1; Code 1933, § 91A-6304, en-
acted by Ga. L. 1978, p. 309, § 2; Ga. L. 1979, p. 5, § 108; Ga. L. 2017, p. 637, § 2-3/SB 133.
Annotations
Editor’s notes. Ga. L. 2017, p. 637, § 3-1(b)/SB 133, not codified by the General Assembly, provides, in part, that this Act shall be applicable to all taxable years beginning on or after January 1, 2018.
OPINIONS OF THE ATTORNEY GENERAL Corporation must pay a minimum tax of $10.00, even though the corporation has a negative net worth. 1954-56 Ga. Op. Att’y Gen. 706. No refund on liquidation or merger. - Corporation that liquidates or merges
with another corporation during a taxable year is not entitled to a refund of a pro rata part of the annual corporate license or occupation tax. 1969 Op. Att’y Gen. No. 69-481.
RESEARCH REFERENCES Am. Jur. 2d. 71 Am. Jur. 2d, State and Local Taxation, §§ 164 et seq., 171 et seq.
SPECIFIC, BUSINESS, & OCCUPATION TAXES