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2019 Georgia Code
Title 48 - Revenue and Taxation
Chapter 13 - Specific, Business, and Occupation Taxes
Article 4 - Corporate Net Worth Tax
§ 48-13-73. Amount of corporate net worth tax; amount for taxable period less than six months

Universal Citation: GA Code § 48-13-73 (2019)
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  • (a) The tax imposed by this article shall be based upon corporate net worth according to the following table:

    • Corporations with Net Worth Amount

    • Including Issued Capital Stock, of Tax

    • Paid-in Surplus, and Earned Surplus

    • ----------------------------------- ------

    • Over $100,000.00 and not exceeding $150,000.00 $ 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, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 1979, p. 5, § 108; Ga. L. 2017, p. 637, § 2-3/SB 133.

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