§ 48-7-40.23. Election to count new jobs on calendar year basis.

CODE OF GEORGIA

Title 48. REVENUE AND TAXATION

Chapter 7. INCOME TAXES

Article 2. IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS

Current through 2019-2020 Chapter 609

§ 48-7-40.23. Election to count new jobs on calendar year basis

Notwithstanding any provision to the contrary of Code Sections 48-7-40 and 48-7-40.1, business enterprises may apply to the commissioner to make a one-time election to calculate new full-time jobs on a calendar year rather than a taxable year basis for all jobs created during calendar year 2001. Such one-time election may be made by claiming job tax credits calculated on the basis set forth in Code Sections 48-7-40 and 48-7-40.1 in connection with any 2002 state income tax return filed after the effective date of this Code section. Such election will not change the taxable year of the business enterprise.


Cite as OCGA § 48-7-40.23