Principle industrial taxes [May 1975]

Georgia
GEORGIA BUREAU OF INDUSTRY AND TRADE RESEARCH DIVISION
P. 0. BOX 38097, ATLANTA, GEORGIA 30334

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GEORGIA DEPARTMENT OF COMMUNITY DEVELOPMENT

LOUIS W. TRUMAN LT. GENERAL. U.S. ARMY (RET.) COMMISSIONER

Georgia: Principal Industrial Taxes, was prepared by the Georgia
Bureau of Industry and Trade for persons needing a quick reference to major state and local industrial taxes. Corporations contemplating the establishment of a facility in Georgia will find the presentation particularly helpful for estimating tax liability.
The reader is cautioned that statutory authority for tax law interpretation rests with the Georgia Commissioner of Revenue, Nick P. Chilivis, and any estimate obtained through use of the forms and information herein is only an estimate and not an official determination of taxes due. This fact, however, does not diminish the value of this publication in guiding those who desire summary information about Georgia taxes.
Persons desiring more complete information about Georgia taxes are invited to contact this Department or the Department of Revenue for assistance.
c:it<:J~~-r(~.h/-vt_-~/r/n.d-v---
Lt. General, U. S. Army (Retired) Commissioner

601 TRINITY- WASHINGTON BUILDING

ATLANTA, GEORGIA 3 0334

TELEPHONE, 404-656 - 3556

CONTENTS

2 Summary

Property Tax

3

real and personal

5

effective rates

8

intangible

10 Corporate Income Tax

12 Sales Tax

13 Unemployment 14 Workmen's Compensation

9 Corporate Franchise Tax 15 Corporate Registration Fees

Appendices

18

County-Town Index

16

Town-County Index

20

Tax Computation Form

21

Tax Checklist

19

Additional Sources of Tax Information

May, 1975
Georgia Bureau of Industry and Trade Research Division
P. 0. Box 38097, Atlanta, Georgia 30334
404 I 656-3584

SUMMARY OF
PRINCIPAL INDUSTRIAL TAXES

PROPERTY

Each county, municipality, and school

TAX

district is empowered to tax real and

tangible personal property. The State

collects 10 for each $1,000 of fair market value.

Page 3

INTANGIBLE

Collected by the county. The rate varies

PROPERTY TAX from $.10 per $1,000 of fair market

value on cash, receivables, patents, etc.

to $1.00 on certain stocks and bonds. The rate for long term

mortgage notes secured by real estate is $3. 00.

Page 8

CORPORATE

Corporations deriving income from

INCOME TAX

business transacted in Georgia are

subject to a 6% corporate income tax.

The tax applies only to the portion of income earned in Georgia.

Page 10

SALES AND

The 3o/o tax applies to the retail purchase,

USE TAX

retail sale, rental, storage, use or

consumption of tangible personal property

delivered in Georgia. Taxable services include sales of natural

gas, artificial gas, oil, steam, gasoline, electricity, and telephone.

Page 12

UNEMPLOYMENT An industry with no previous employment

INSURANCE

record in Georgia would pay $113.40 for

each employee earning $4,200 or over.

After establishing an employment record, the rate can vary

from $1.26 per employee to $189.00 per employee (based on

each earning $4, ZOO or over), Rates are based primarily on

employer's history of employee layoffs.

Page 13

WORKMEN'S

Georgia does not levy tax for workmen's

COMPENSATION compensation, The Workmen's Compensation

Act requires employers of three or more to

carry insurance with private companies or be self insured.

Page 14

CORPORATE

Annual tax based on net worth. Foreign

FRANCHISE TAX corporations pay only on their net worth

apportioned to Georgia. The tax is taken

from a table -- range is from $10 to a maximum of $5,000.

CORPORATE

All corporations transacting business in

REGISTRATION

Georgia must register with the Secretary

FEES

of State. After the initial registration

fee of $15 ($100 for foreign corporations),

corporations are required annually to file a report and pay a

$5 filing fee.

Page 9 Page 15

2

PROPERTY TAX (Real and Tangible Personal Property)

The local property tax is the principal source of revenue for Georgia counties and municipalities. The State also levies a tax on property, but it is negligible -- only 10 for each $1,000 of fair market value.

All industries pay property tax annually on real and tangible personal property (includes raw materials, work-in-process, and finished goods inventory).

The owner of the property on January 1 is liable for the tax. Inventory and other property acquired after January 1 are not subject to the tax in that year.

The tax rate is applied to the fair market value after this value has been adjusted downward by the city or county assessment ratio. All Georgia counties use a 40% assessment ratio. City assessment ratios vary from 40% to 100%. Fair market value is determined independently by each county.

The conventional method of tax computation is illustrated in the following example:

-Conventional Method-

A plant location with total property having a fair market value of $25,000:

[Fair market value] [Assessment ratio] [Tax rate]

TAX DUE

[$25,000]

[40%]

[$15 per 1,000]

$150

-Short-cut Method-

Since the order of multiplying the above three factors does not change the result, the 40% assessment ratio can be multiplied by the $15 tax rate, and the resulting factor -- $6 can then be multiplied by the fair market value:

[$25,000]

[$6 per $1,000]

$150

The above $6 factor is referred to in this presentation as the "effective tax rate." Advantages of using an effective tax rate are:

The tax for any location can be computed in one step (omitting step using assessment ratio in the conventional method).

Any number of locations can be compared by using effective rates (not necessarily true using assessment ratios).

For example, consider two locations. One has a tax rate of $30 and a 30% assessment ratio, and a second location has a tax rate of $90 with a 10% assessment ratio. The yields of these two tax rates are exactly the same, although it is not immediately obvious. The effective rates clearly illustrate that the two are identical:

[Assessment ratio]

[Tax rate]

Effective tax rate

[30%]

[$30]

$9

[10%]

[$90]

$9

Another advantage of effective rates is that they can be added. If, in a given location, the effective rate is computed for each of the four taxing jurisdictions in Georgia (city, county, county school system, and state), the resulting four rates can be added, thus giving one effective tax rate for that location as illustrated in the following example of a hypothetical city:

3

Jurisdiction
City County County Schools State

Tax Rate Per $1,000
[ 9.20] [12.00] [16.00] [ . 25]

Assessment Ratio
[90%] [40%] [40%] [40%]
Totals

Effective Tax Rate

In

Outside City

City

(within county)

$ 8.28 4.80 6.40 .10
$19.58

No tax $ 4.80
6.40 .10
$11.30

Referring again to the $25,000 example, the tax in the city would be computed in "one step" by multiplying the fair market value of the property by the total effective tax rate (per $1,000 of fair market value):

[$25,000]

[$19.58]

$489.50

If the property were located outside the city (within the unincorporated area of the county), the property owner would not pay the city tax. The $11.30 rate would be applicable.

[ $25

[$11.30]

$282.50

The total effective tax rate has been computed for each city and for each county by the above described method of adding the effective tax rates for the four taxing jurisdictions. These rates are presented on the following three pages. A cross reference between the cities and counties is presented in the Appendix (page 16).

Effective tax rates should only be used as a guideline in a location decision. Other considerations are:

Services provided a location with a lower tax rate might not provide the same services to industry as a location with a higher rate.

Local differences in determining fair market value of property.

Pollution Control Incentives

Facilities installed or constructed for the primary purpose of eliminating or reducing air or water pollution are exempt from property tax. Such facilities must be certified by the Georgia Water Quality Control Board and/or the Department of Humqn Resources.

4

COUNTY EFFECTIVE PROPERTY TAX RATES (per $1,000 of fair market value)

The following 1974 rates include county, school, and state tax. All rates have been adjusted by assessment ratios. See page three for detailed explanation.

Appling Atkinson Bacon Baker Baldwin Banks Barrow Bartow Ben Hill Berrien Bibb Bleckley Brantley Brooks Bryan Bulloch
Burke Butts Calhoun Camden Candler Carroll Catoosa Charlton Chatham1 Chattahoochee Chattooga Cherokee Clarke* Clay Clayton2
Clinch Cobb Coffee Colquitt Columbia Cook Coweta Crawford Crisp

$ 6.40 8.38 9.60 5.60 13.50 5.72 8.864 8.42 9.116 7.12 13.90 8.24 10.388 8.86 7.50 7.944
6.60 12.70 9.22 11.60 5.16 12.50 11.564 12.10 14.924 10.70 12.30
9.50 12.67 7.10 13.26 6.80 14.50 7.96 11.88 9.80 10.80 8.312 11.10 7.10

Dade Dawson Decatur DeKalb3 Dodge Dooly Dougherty Douglas* Early Echols Effingham Elbert Emanuel Evans Fannin Fayette4
Floyd5 Forsyth Franklin Fulton6 Gilmer Glascock Glynn7 Gordon Grady Greene Gwinnett8 Habersham Hall9 Hancock Haralson Harris Hart Heard Henry Houston Irwin Jackson 10
Jasper Jeff Davis

$ 11.50 7.96 8.20
15.66 10.50
7.22 11.184
9.80 7.20 8.268 12.40 12.30 6.80 10.20 13.26 9.62
12.50 9.584 9.692
13.86 7.70 8.264 13.40 10.484 8.408 7.196 10.98 13.30 11.20 11.388 11.90 10.50 10.38 6.50 8.90 11.788 9.86 8.52 6.56 8.953

Jefferson Jenkins Johnson Jones Lamar Lanier Laurens Lee Liberty Lincoln Long Lowndes Lumpkin Macon Madison Marion
McDuffie Mcintosh Meriwether Miller Mitchell Monroe Montgomery Morgan Murray Muscogee** Newton* Oconee Oglethorpe Paulding Peach Pickens Pierce Pike Polk Pulaski11 Putnam Quitman Rabun Randolph

$ 7.30 12.00 8.30 9.10 9.20 9.58 9.70 9.50 10.40 7.42 10.40 9.38 9.172 10.82 9.52 10.60
8.54 11.80
7.34 7.60 7.36 11.20 6.20 4.90 11.86
12.70 8.40 6.236 11.20 11.30 12.70 8.50 9.752 10.188 9.54 7.676 9.60 10.66 5.97

Richmond Rockdale Schley Screven Seminole Spalding12 Stephens Stewart Sumter Talbot Taliaferro Tattnall Taylor Telfair Terrell Thomas13
Tift Toombs Towns Treutlen Troup Turner Twiggs Union Upson Walker Walton Ware* Warren Washington Wayne Webster Wheeler White Whitfield Wilcox Wilkes Wilkinson Worth

$ 14.52 13.60 5.664 8.00 8.90 11.85 2 12.30 8.70 5.40 5.84 5.94 10.20 9.40 9.00 7.108 9.30
9.32 9.90 8.60 9.22 8.432 8.40 8.02 4.98 11.40 11.30 8.312 11.90 10.30 9.316 10.00 8.224 6.10 7.50 11.90 7.60 6.70 8.00 7.04

Footnotes 1- 13 apply to certain unincorporated county areas: 1chatham-Excludes $1.66 special service district tax. 2clayton-Excludes $1.52 for fire district No.1. 3DeKalb-Excludes $1.02 for DeKalb fire district. 4Fayette-Excludes $.80 for fire district. 5Floyd-Excludes $.90 for fire district No. 2. 6Fulton-Excludes $1.08 for Sandy Springs fire district and S\1.40 for Fulton Industrial fire district. 7Glynn-Excludes special improvement tax of $1.10 for St. Simons and Sea Island, $.70 for Glynn improvement district No.1 and $.40 for improvement district No.2. 8Gwinnett-Excludes $1.10 for fire district A and $.38 for recreational district No. 1. 9Hall-Excludes $1.56 for Hall fire prevention district.
1OJackson-Excludes $.50 for fire district. llPulaski-Excludes $.40 for fire district. 12spalding-Excludes $.37 for fire district. 13Thomas-Excludes $1.80 for fire district No. 1 and $.90 for fire district.No.2.

*197 3 rates-1974 rates not set at publication date. **Muscogee-Columbus consolidated government has five tax districts. Respective rates are No. 1 ($18.02), No.2 ($17 .23), No. 3 ($15.02),
No. 4 ($13.06), Bibb City ($13.40).

5

CITY EFFECTIVE PROPERTY TAX RATES (per $1,000 of fair market value)

The following 1974 rates include city, county, school, and state tax. All rates have been adjusted for assessment ratios. See page three for detailed explanation.

Abbeville

$ 12.80

Acworth

18.10

Adairsville

14.42

A del

14.20

Adrian*

(Emanuel)

9.80

(Johnson)

11.30

Ailey

8.20

Alamo

12.10

Alapaha

11.52

Albany

16.01

Alma

15.60

Alpharetta

19.06

Alto*

(Banks)

8.52

(Habersham) 16.10

Ambrose

12.76

Americus

8.70

Arabi

8.30

Aragon

12.188

Arlington*

(Calhoun)

14.02

(Early)

12.00

Ashburn

11.80

Athens

16.19

Atlanta*

(DeKalb)

21.97

(Fulton)

22.40

Attapulgus

12.20

Auburn

14.582

Augusta

22.72

Austell*

(Cobb)

17.42

(Douglas)

12.72

Avalon

14.30

Avera

9.30

Avondale Estates 19.90

Baconton

10.96

Bainbridge

14.00

Baldwin*

(Banks)

8.92

(Habersham) 16.50

Ball Ground

13.50

Barnesville

11.80

Bartow

10.701

Barwick*

(Brooks)

12.86

(Thomas)

13.30

Baxley

12.40

Bellville

11.80

Berlin

13.88

Berkley Lake

12.18

Bibb City

22.68

Bishop

10.00

Blairsville

6.98

Blackshear

12.90

Blakely

9.60

Blue Ridge

18.54

Bogart*

(Clarke)

15.671

(Oeonee)

11.40

Boston

13.30

Bowdon

18.50

* City is within two counties.
** City has five district tax rates.

Bowersville Bowman Braselton Bremen*
(Haralson) (Carroll) Bronwood Brooklet Brooks Broxton Brunswick Buchanan Buckhead Buena Vista Buford Butler Byromville Byron Cadwell Cairo Calhoun Camak Camilla Canon* (Franklin) (Hart) Canton Carl Carlton Carnesville Carrollton Cartersville Cave Spring Cecil Cedartown Centerville Chamblee Chatsworth Chauncey Chester Chickamauga Clarkesville Clarkston Claxton Clayton Clermont Cleveland Climax Cochran Colbert Coleman College Park* (Clayton) (Fulton) Collins Colquitt Columbus** (No. 1) (No.2) (No. 3) (No.4) (Bibb City) Comer

$ 13.38 17.10 10.52
19.60 18.60
9.108 11.14 10.60 11.16 19.80 19.90 6.90 22.60 12.38 13.20 11.40 15.30 12.90 12.48 11.72 13.10 9.96
11.69 12.38 11.90
9.66 12.32 12.09 16.00 10.04 15.70 12.00 16.19 15.79 17.66 15.69 12.50 13.50 15.00 21.30 17.56 13.40 15.86 12.803 10.75 12.20 11.24 13.124 8.77
16.46 17.06 14.20 10.00
18.02 17.23 15.02 13.06 13.40 11.12

6

Commerce

$ 11.84

Concord

13.75

Conyers

19.60

Coolidge

14.10

Cordele

11.50

Cornelia

16.90

Covington

16.45

C r a w f o r d ville

10.74

Culloden

12.40

Cumming

11.98

Cussefa

14.70

Cuthbert

9.57

Dacula

14.34

Dahlonega

14.77

Dallas

14.80

Dalton

15.10

Damascus

11.20

Danielsville

12.72

Danville*

(Twiggs)

9.18

(Wilkinson)

9.20

Darien

15.80

Davisboro

14.12

Dawson

10.31

Dawsonville

9.561

Dearing

14.54

Decatur

23.33

Demorest

17.30

Dexter

14.70

Doerun

13.88

Donalsonville

15.55

Doraville

16.91

Douglas

12.36

Douglasville

12.80

Dubline

12.64

Dudley

14.50

Duluth

14.98

East Dublin

12.10

East Ellijay

11.70

Eastman

13.30

East Point

17.86

Eatonton

12.48

Edison

14.20

Elberton

16.30

Ellaville

7.26

Ellenton

13.88

Ellijay

12.50

Emerson

10.60

Enigma

9.92

Eton

13.06

Fairburn

16.66

Fairmont

14.88

Fayetteville

13.00

Fitzgerald

14.38

Flovilla

14.70

Flowery Branch 14.40

Folkston

16.10

Forest Park

18.46

Forsyth

14.80

Fort Gaines

13.10

Fort Oglethorpe*

(Catoosa)

16.56

(Walker)

13.30

Fort Valley

$ 16.90

Franklin

13.50

Franklin Springs 11.29

Gainesville

15.50

Garfield

8.80

Gay

8.34

Geneva

6.84

Georgetown

11.60

Gibson

14.26

Gillsville*

(Banks)

6.92

(Hall)

12.40

Glennville

13.20

Glenwood

8.10

Gordon

12.00

Grantville

14.31

Gray

13.90

Grayson

12.58

Greensboro

10.20

Greenville

12.14

Griffin

15.85

Grovetown

15.80

Guyton

14.80

Hagan

12.20J

Hahira

14.38

Hamilton

15.70

Hampton

11.50

Hapeville

18.66

Harlem

14.80

Harrison

11.72

Hartwell

15.18

Hawkinsville

12.34

Hazlehurst

12.95

Helen

8.51

Helena

13.00

Hepzibah

16.523

Hiawassee

9.80

Hinesville

14.40

Hiram

14.00

Hoboken

11.988

Hogansville

10.23

Holly Springs

11.90

Homeland

12.50

Homerville

10.80

Hoschton

10.52

Ideal

17.80

I!a

12.32

Iron City

10.90

Irwinton

9.60

Ivey

10.00

Jackson

16.70

Jasper

18.70

Jefferson

9.44

Jeffersonville

10.18

Jenkinsburg

15.50

Jesup

15.40

Jonesboro

15.26

Junction City

7.042

Kennesaw

18.50

Kingsland

17.50

Kingston

10.60

Kite

12.30

LaFayette

16.10

CITY EFFECTIVE PROPERTY TAX RATES (per $1,000 of fair market value)

The following 1974 rates include city, county, school, ari.d state tax. All rates have been adjusted for assessment ratios. See page three for detailed explanation.

LaGrange

$ 8.63

Lakeland

13.58

Lake City

15.26

Lake Park

11.78

Lavonia

15.69

Lawrenceville

14.58

Leary

13.40

Leesburg

14.70

Lenox

14.80

Leslie

7.80

Lexington

8.236

Lilburn

12.78

Lilly

11.22

Lincolnton

13.02

Lithonia

18.66

Locust Grove

10.90

Loganville*

(Gwinnett)

14.98

(Walton)

12.31

Lookout Mountain 15.30

Louisville

13.30

Ludowici

14.40

Lu1a*

(Banks)

7.324

(Hall)

12.80

Lumber City

12.20

Lumpkin

12.30

Luthersville

10.14

Lyerly

16.30

Lyons

16.40

Macon*

(Bibb)

21.10

(Jones)

16.30

Madison

12.10

Manassas

13.00

Manchester*

(Meriwether) 13.74

(Talbot)

12.24

Mansfield

15.80

Marietta

13.64

Mar shallville

18.20

Martin

13.50

Maysville*

(Banks)

7.72

(Jackson)

10.5 24

McCaysville

17.50

McDonough

11.86

McRae

12.30

Meansville

11.752

Meigs*

(Mitchell)

11.36

(Thomas)

13.30

Menlo

14.80

Metter

7.48

Midville

14.60

Milledgeville

18.70

Milan*

(Dodge)

14.50

(Telfair)

13.00

Millen

17.60

Milner

12.40

Mineral Bluff

15.26

Mitchell

11.064

* City is within two counties.

Molena Monroe Montezuma Monticello Montrose Moreland Morgan Morganton Morrow Morven Moultrie Mount Airy Mount Vernon Mountain Park Nahunta Nashville Nelson*
(Cherokee) (Pickens) Newborn Newington Newnan Newton Nicholls Norcross Norman Park Norwood Oakwood Ochlocknee Ocilla Oconee Odum Oglethorpe Oliver Omega Oxford Palmetto* (Coweta) (Fulton) Parrott Patterson Pavo* (Brooks) (Thomas) Pearson Pelham Pembroke Perry Pinehurst Pine Lake Pine Mountain Pineview Pitts Plains Plainville Pooler Portal Porterdale Port Wentworth Poulan Powder Springs Preston Quitman

$ 11.752 14.312 17.00 10.16 13.70 9.112 11.80 14.26 15.26 12.46 15.88 14.10 7.80 23.86 13.588 11.52
12.70 15.90 14.30 10.00 12.71 9.60 11.16 10.72 15.888 12.30 15.20 14.10 15.06 11.32 12.80 15.00 10.40 14.12 16.45
12.31 17.86 10.31 10.30
14.46 14.90 12.38 11.70 11.90 16.99 11.40 21.66 16.10
8.80 11.60
9.40 12.48 18.92 9.54 18.30 19.92 16.52 19.30 11.823 10.86

Ray City Rebecca Reidsville Rentz Reynolds Rhine Richland Richmond Hill Rincon Ringgold Riverdale Roberta Rochelle Rockmart Rocky Ford Rome Roopville Rossville Roswell Royston*
(Hart) (Franklin) Rutledge St. Marys Sale City Sandersville Sardis Sasser Savannah Savannah Beach Scotland Screven Senoia Sharon Shellman Shiloh Smithville Smyrna Snellville So cia! Circle Soperton Sparks Sparta Springfield Stapleton Statesboro Statham Stillmore Stockbridge Stone Mountain Sugar Hill Summertown Summerville Sumner Suwanee Swainsboro Sycamore Sylvania Sylvester Talbotton Talking Rock Tallapoosa Tallulah Falls*

$ 11.12 12.40 13.40 11.70 13.40 14.50 13.50 9.50 14.40 17.56 17.26 14.70 12.40 14.19 10.00 17.10 r4.50 15.30 18.26
15.78 15.09 10.90 17.20 11.36 11.92 10.60
9.51 26.12 26.12 10.20 12.00 18.31
7.54 9.97 12.50 13.50 19.50 14.58 11.88 13.402 14.80 17.39 14.80 11.30 11.84 12.86 8.80 12.10 19.26 14.583 9.20 17.90 9.04 12.58 14.80 12.40 9.60 9.44 8.64 14.70 16.90

7

(Habersham) $ 14.50

(Rabun)

11.86

Temple

18.50

Tennille

14.12

Thomaston

17.80

Thomasville

15.60

Thomson

14.74

Thunderbolt

16.92

Tifton

15.32

Tignall

8.70

Toccoa

18.30

Toomsboro

9.60

Trenton

13.50

Trion

12.70

Twin City

12.80

Tyrone

11.00

Ty Ty

10.924

Unadilla

11.80

Union City

18.66

Union Point

11.20

Uvalda

8.60

Valdosta

14.34

Vidalia*

(Montgomery) 14.00

(Toombs)

17.70

Vienna

11.88

Villa Rica*

(Carroll)

17.70

(Douglas)

15.00

Waco

15.90

Wadley

12.10

Waleska

11.10

Warm Springs

10.94

Warner Robins

18.99

Warrenton

16.30

Warwick

11.04

Washington

12.40

Watkinsville

10.801

Waverly Hall

12.90

Waycross

17.50

Waynesboro

13.00

West Point*

(Harris)

15.70

(Troup)

13.92

Whigham

12.48

White

10.60

Whitesburg

16.50

Willacoochee

12.384

Williamson

10.95

Winder

11.263

Winterville

15.07

Woodbine

17.00

Woodbury

12.14

Woodland

9.04

Woodstock

12.30

Wrens

12.90

Wrightsville

12.30

Yatesville

13.40

Young Harris

10.20

Zebulon

11.35

PROPERTY TAX (Intangible Property)

Intangible property tax is based on the fair market value as of January 1, Property acquired after January 1 is not subject to the tax in that year.

The tax rate varies from 10 to $1.00 per $1,000 of fair market value. Rates vary according to these seven basic classes of intangibles:

Shares of stock------------------------------- $1.00

Money on hand and on deposit ------------------ .10

Notes and accounts receivable ----------------

.10

Short term mortgage notes secured by

real estate ----------------------------------

.10

Collateral security loans --------------------

.25

Patents, copyrights and miscellaneous items --

.10

Bonds ---------------------------------------- 1.00

Examples of tax-exempt intangible property: Stocks of Georgia corporations
Bank stock Bonds of the State of Georgia and its subdivisions Intangible property belonging to the Federal Government
or the State of Georgia Money belonging to persons residing outside Georgia
The common voting stock of a subsidiary corporation not doing business in Georgia

8

CORPORATE FRANCHISE TAX

Corporations derivipg income from business transacted in Georgia or from property located in Georgia pay an annual tax based on net worth. Georgia law refers to this tax as a license and occupation tax.
Domestic corporations pay the tax based on 100% of net worth. Foreign corporations pay on the portion of net worth employed in Georgia which is determined by the formula:

~ Totall
~et Wor~

~ropertyl/ and Sales in Georgi~
l_ Total Property and Sales ~

The tax is taken from the following table:

NET WORTH

(over)

(but does not exceed)

TAX
DUE

$

0

$ 10,000

$ 10

10,000 --------------

25,000 ------------

20

25,000

40,000

40

40,000 -------------- 60,000 -------------- 60

60,000

80,000

75

80,000 -------------- 100,000 -------------- 100

!00,000

!50, 000

!25

150,000 -------------- 200,000 -------------- 150

200,000

300,000

200

300,000 -------------- 500,000 -------------- 250

500,000

750,000

300

750,000 -------------- 1,000,000 -------------- 500

1,000,000

2,000,000

750

2,000,000 -------------- 4,000, 000 -------------- 1,000

4,000,000

6,000,000

1,250

6,000,000 -------------- 8,000,000 -------------- 1' 500

8,000,000

10,000,000

1' 750

10,000,000 -------------- 12,000,000 -------------- 2,000

12,000,000

14,000,000

2, 500

14,000,000 -------------- !6,000,000 -------------- 3,000

!6,000,000

18,000,000

3, 500

18,000,000 -------------- 20,000,000 -------------- 4,000

20,000,000

22,000,000

4, 500

22,000,000 ---------------------------------------- 5,000

l/Definitions of property and sales are on page eleven.

9

GEORGIA CORPORATE INCOME TAX

Georgia's 6% corporate income tax applies to income from business transacted in Georgia, or from property located in Georgia.
The tax applies only to income earned in Georgia. This is determined (see formula below) by multiplying the adjusted net income (A) by the average of three ratios (B): property, payroll, and sales.

Corporate Tax Formula

(A)
r l Adjusted
let Incom.J

~operty in Georgia
CTAL PROPERTY

(B)
+ payroll in Georgia +sa-les in Georg~a
TOTAL PAYROLL TOTAL SALES
3

H.(C) TAX DUE

The following example is an application of the tax formula using hypothetical figures. The factor "B" is not detailed but represents the average of three fractions, which equals 1/20 or 5%:

-Example-

Net Income-Federal Return additions (as defined by Ga. law) deductions (as defined by Ga. law)

$1,000,000 23, 800 (47, 800)

Adjusted Net Income

976,000 (A)

Average of property, payroll and sales ratios

_ __,.c...::O:..::S (B)

Income "earned in Georgia"

48,800 (tax rate) _ _--.:::_6% (c)

TAX DUE - - - - - - - - - - - - - - - - - - - - - $ ~

10

DEFINITIONS (Apply to corporate income tax and corporate franchise tax)
ADJUSTED NET INCOME - The adjusted net income ("A" in the formula) is the net income as reported on the Federal return, with certain additions and deductions prescribed by Georgia law, such as adjustments for income tax deductions, adjustments for gains and losses, and exclusion of non-business income (nonbusiness income less expenses connected therewith is allocated to the corporation's home state). The remaining business income is subject to apportionment by the three factors outlined below:
PROPERTY - The average value of real and tangible personal property, owned or rented, and used during the tax period. Property owned is valued at original cost. Rented property is valued at eight times the net annual rental rate (excludes sub-rentals). Rental property is excluded in computing the Franchise Tax.
PAYROLL - Salaries, wages, commissions, and other compensation incurred for services performed in connection with the business during the taxable year.
SALES - Gross receipts from business. Receipts from products shipped (or delivered) to Georgia customers are included in Georgia sales. Receipts from sales negotiated or effected through offices of the taxpayer outside the State and delivered from storage in Georgia to customers outside Georgia shall be excluded from Georgia sales.
POLLUTION CONTROL INCENTIVES The (Federal) Tax Reform Act of 1969 allows accelerated depreciation of certified pollution control facilities. Georgia corporate income tax would reflect this savings since the Federal tax is the base for computing the state tax.
11

SALES AND USE TAX
The 3/~/ tax applies to the retail purchase, retail sale, rental, storage, use or consumption of tangible personal property and services described in the Act, the delivery of which takes place in this State.
Upon the first instance of use, consumption, distribution, or storage within Georgia of tangible personal property purchased at retail outside this State, the owner or user thereof shall be liable for a tax at the rate of 3% of the cost price or fair market value thereof, whichever is the lesser, provided there shall be no duplication of the Georgia tax, and subject to credit for a like tax paid in a reciprocating state, not to exceed the rate imposed by Georgia law.
Taxable services include sales of natural gas, artificial gas, oil, steam, gasoline, solid fuel, electricity and telephone.
Exemptions include: Machinery used directly in the manufacture of tangible personal
property when incorporated into a new manufacturing plant and additional machinery incorporated into a presently existing manufacturing plant in this State, provided such purchases are approved by the Commissioner of Revenue. Machinery and equipment for reducing air and water pollution, provided such purchases are approved by the Commissioner of Revenue. Industrial materials which become a component part of a finished product for sale or are coated with or impregnated into the product at any stage of its manufacture. Packaging materials which are not purchased for reuse. Sales in interstate commerce when delivered outside Georgia by common carrier, U. S. Post Office, the seller, or a trucker hired by the seller.
l/4% in Atlanta area (Fulton and DeKalb County)
12

UNEMPLOYMENT INSURANCE
Unemployment insurance was established in the National Social Security Act of 1935. Although created by Federal legislation, the insurance is administered by each state. Georgia law requires employers with one or more employees to pay the tax.
An industry with no previous employment record in Georgia is taxed at 2.7% on the first $4,200 of each employee's earnings until an employment record is established -- approximately eighteen months. Each firm's employment record is determined primarily by its history of employee layoffs. On the basis of the employment record, the rate of taxation varies from 24/1000 of 1% to 4.5% of taxable wages.l/
The average tax rate for Georgia firms has declined steadily since inception of the program-- from 2.7% in 1938 to 1.0% in 1973.
In 1974, forty-four percent of all covere~/ Georgia employers paid less than 1% on taxable wages. And fifteen percent paid the lowest standard rate for 1974, 8/100 of 1%.
Detailed statistics on unemployment insurance can be found in the Georgia Department of Labor Annual Report, 1974. The report presents historical data for over three decades and is available from the Department of Labor.
1/Rates below 8/100 of 1% and above 4.2% are brought about only by a surplus or deficit in the State fund.
1/Excludes all employers with no employment record who are paying 2.7%.
13

WORKMEN'S COMPENSATION Georgia does not levy a tax for workmen's compensation. The work force is protected from job connected accidents by the Georgia Workmen's Compensation Law which requires employers of three or more either to carry insurancehl or be self-insured. Self-insured companies must provide proof of financial ability to the Workmen's Compensation Board. The Board may require posting of a bond. Private insurance companies rece~v~ng premiums from Georgia employers are assessed a percentage of the premium~/ by the Workmen's Compensation Board to provide for the administration of the Board. Self-insured companies are assessed the same percentage of the premiums they would have paid to private insurers:
~/Rates with private insurance companies generally range from 6 to $20.00 per
$100 of payroll. 1/1.395% in 1974.
14

CORPORATE REGISTRATION FEES
All corporations transacting business in Georgia must register with the Secretary of State.
Initial Registration - Domestic corporations pay $15 (non-recurring) to file articles of incorporation with the Secretary of State. Foreign corporations pay $100 (non-recurring) for certificate of authority to transact business in Georgia.
Annual Report Form F-38 - Both domestic and foreign corporations pay $5 annually to file annual report form F-38 (shown below) with the Secretary of State. Corporations are not required to file their financial statements.

STATE OF GEORGIA CERTIFIED STATEMENT FOR ANNUAL REPORT OF A CORPORATION *GA. LAW 1968 REQUIRES EVERY CORPORATION TO STATE REGISTERED AGENT AND OFFICE

NAME OF CORPORATION:: _______________________________________________________________________

PRINCIPAL OFFICER _ _ _ _ _ _ _ _ _ _ _ _ _ _ TITLE

ADDRESS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __

PRINCIPAL OFFICER

TITLE

ADDRESS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __

PRINCIPAL OFFICER

TITLE

ADDRESS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __

PRINCIPAL OFFICER

TITLE

ADDRESS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __

*REGISTERED AGENT IN GA.:--------~---------- CITY _ _ _ _ _ _ _ _ _ _ _ _ STATE _ _ __

'REGISTERED OFFICE IN GA.: (Street and No.) _ _ _ _ _ _' - - - - - - - - - - - - - - - - - CITY _ _ _ _ __

PRINCIPAL OFFICE IF FOREGIN: (St. and No.)

CITY

STATE

WHEN INCORPORATED (Date) _ _ _ _ _ _ _ _ _ _ _ BEGAN OR WILL BEGIN BUSINESS IN GA. (Date)_ _ _ _ _ _ _ __

WHERE INCORPORATED (CITY) _ _ _ _ _ _ _ _ _ _ _ _ _ _ COUNTY _ _ _ _ _ _ _ _ _ _ _ STATE _ _ __

TO THE HON. BEN W. FORTSON, JR., SECRETARY OF STATE ATLANTA 3, GA.

AUTHORIZED CAPITAL S T O C K - - - - - - - - CAPITAL STOCK ISSUED _ _ _ _ _ _ __

I hereby certify that the above statement furnished the Secretary of State of the State of Georgia for record, as required by law, is correct.

Sign~d by

CORPORATE OFFICER

TITLE

DATE

, 19

PENALTY PROVISIONS ON REVERSE SIDE

RECORDING FEE FIVE DOLLARS ANNUALLY

15

CITY
Abbeville Acworth Adairsville
Adel
Adrian Ailey Alamo Alapaha Albany Alma Alpharetta Alto Ambrose Americus Andersonville Arabi Arlington Ashburn Athens Atlanta Attapulgus Auburn Augusta Austell Avalon Avera Avondale Estates Baconton Bainbridge Baldwin Ball Ground Barnesville Bartow Barwick Baxley Bellville Berlin Berkley Lake Bibb City Bishop Blairsville Blackshear Blakely Blue Ridge
Bog~rt
Boston Bowdon Bowersville Bowman Braselton Bremen Bronwood Brooklet Brooks Broxton Brunswick Buchanan Buckhead Buena Vista Buford Butler Byromville Byron Cadwell Cairo Calhoun Camak Camilla Canon Canton Carl Carlton

COUNTY
Wilcox Cobb Bartow Cook Emanuel Montgomery Wheeler Berrien Dougherty Bacon Fulton Banks Coffee Sumter Sumter Crisp Calhoun Turner Clarke Fulton Decatur Barrow Richmond Cobb Stephens Jefferson DeKalb Mitchell Decatur Banks Cherokee Lamar Jefferson Brooks Appling Evans Colquitt Gwinnett Muscogee Oconee Union Pierce Early Fannin Oconee Thomas Carroll Hart Elbert Jackson Haralson Terrell Bulloch Fayette Coffee Glynn Haralson Morgan Marion Gwinnett Taylor Dooly Peach Laurens Grady Gordon Warren Mitchell Franklin Cherokee Barrow Madison

TOWN-COUNTY INDEX

CITY
Carnesville Carrollton Cartersville Cave Spring Cecil Cedartown Centerville Chamblee Chatsworth Chauncey Chester Chickamauga Clarkesville Clarkston Claxton Clayton Clermont Cleveland Climax Cochran Colbert Coleman College Park Collins Colquitt Columbus Comer Commerce Concord Conyers Coolidge Cordele Cornelia Covington Crawford Crawfordville Culloden Cumming Cusseta Cuthbert Dacula Dahlonega Dallas Dalton Damascus Danielsville Danville Darien Davisboro Dawson Dawsonville Dearing Decatur Demorest Doerun Donalsonville Doraville Douglas Douglasville Dublin Dudley Duluth East Dublin East Ellijay Eastman East Point Eatonton Edison Elberton Ellaville Ellenton Ellijay

COUNTY
Franklin Carroll Bartow Floyd Cook Polk Houston DeKalb Murray Dodge Dodge Walker Habersham DeKalb Evans Rabun Hall White Decatur Bleckley Madison Randolph Fulton Tattnall Miller Muscogee Madison Jackson Pike Rockdale Thomas Crisp Habersham Newton Oglethorpe Taliaferro Monroe Forsyth Chattahoochee Randolph Gwinnett Lumpkin Paulding Whitfield Early Madison Twiggs Mcintosh Washington Terrell Dawson McDuffie DeKalb Habersham Colquitt Seminole DeKalb Coffee Douglas Laurens Laurens Gwinnett Laurens Gilmer Dodge Fulton Putnam Calhoun Elbert Schley Clayton Gilmer

16

CITY
Emerson Enigma Eton Fairburn Fairmont Fayetteville Fitzgerald Flovilla Flowery Branch Folkston Forest Park Forsyth Fort Gaines Fort Oglethorpe Fort Valley Franklin Franklin Springs Gainesville Garfield Gay Geneva Georgetown Gibson Gillsville Glennville Glenwood Gordon Grantville Gray Grayson Greensboro Greenville Griffin Grovetown Guyton Hagan Hahira Hamilton Hampton Hapeville Harlem Harrison Hartwell Hawkinsville Hazlehurst Helen Helena Hephzibah Hiawassee Hinesville Hiram Hoboken Hogansville Holly Springs Homeland Homerville Hoschton Hull Ideal lla Iron City Ivey Jackson Jakin Jasper Jefferson Jeffersonville Jenkinsburg Jesup
Jonesboro Junction City Kennesaw

COUNTY
Bartow Berrien Murray Fulton Gordon Fayette Ben Hill Butts Hall Charlton Clayton Monroe Clay Catoosa Peach Heard Franklin Hall Emanuel Meriwether Talbot Quitman Glascock Hall Tattnall Wheeler Wilkinson Coweta Jones Gwinnett Greene Meriwether Spalding Columbia Effingham Evans Lowndes Harris Henry Fulton Columbia Washington Hart Pulaski Jeff Davis White Telfair Richmond Towns Liberty Paulding Brantley Troup Cherokee Charlton Clinch Jackson Madison Macon Madison Seminole Wilkinson Butts Early Pickens Jackson Twiggs Butts Wayne Clayton Talbot Cobb

CITY
Kingsland Kingston Kite LaFayette LaGrange Lakeland Lake City Lake Park Lavonia Lawrenceville Leary Leesburg Lenox Leslie Lexington Lilburn Lilly Lincolnton Linwood Lithonia Locust Grove Logansville Lookout Mountain Louisville Ludowici Lula Lumber City Lumpkin Luthersville Lyerly Lyons Macon Madison Manassas Manchester Mansfield_ Marietta Marshallville Martin Maysville McCaysville McDonough Mcintyre McRae Meansville Meigs Menlo Metter Midville Milledgeville Milan Millen Milner Mineral Bluff Mitchell Molena Monroe Montezuma Monticello Montrose Moreland Morgan Morganton Morrow Morven Moultrie Mount Airy Mount Vernon Mountain Park Nahunta Nashville Nelson Newborn Newington Newnan Newton Nicholls

COUNTY
Camden Bartow Johnson Walker Troup Lanier Clayton LOwndes Franklin Gwinnett Calhoun Lee Cook Sumter Oglethorpe Gwinnett Dooly Lincoln Walker DeKalb Henry Walton Walker Jefferson Long Hall Telfair Stewart Meriwether Chattooga Toombs Bibb Morgan Tattnall Meriwether Newton Cobb Macon Stephens Banks Fannin Henry Wilkinson Telfair Pike Thomas Chattooga Candler Burke Baldwin Telfair Jenkins Lamar Fannin Glascock Pike Walton Macon Jasper Laurens Coweta Calhoun Fannin Clayton Brooks Colquitt Habersham Montgomery Fulton Brantley
Berrien Pickens Newton Screven Coweta Baker Coffee

TOWN-COUNTY INDEX

CITY

COUNTY

Norcross Norman Park Norwood Oakwood Ochlocknee Ocilla Oconee Odum Oglethorpe Oliver Omega Oxford Palmetto Parrott Patterson Pavo Pearson Pelham Pembroke Pendergrass Perry Pinehurst Pine Lake Pine Mountain Pineview Pitts Plains Plainville Pooler Portal Porterdale Port Wentworth Poulan Powder Springs Preston Quitman Ray City Rebecca Reidsville Reynolds Rhine Riceboro Richland Richmond Hill Rincon Ringgold Riverdale Roberta Rochelle Rockmart Rocky Ford Rome Roopville Rossville Roswell Royston Rutledge St. Marys Sale City Sandersville Sardis Sasser Savannah Savannah Beach Scotland Screven Senoia Shady Dale Sharon Sharpsburg Shellman Shiloh Smithville Smyrna Snellville Social Circle Soperton

Gwinnett Colquitt Warren Hall Thomas Irwin Washington Wayne Macon Screven Tift Newton Fulton Terrell Pierce Thomas Atkinson Mitchell Bryan Jackson Houston Dooly DeKalb Harris Wilcox Wilcox Sumter Gordon Chatham Bulloch Newton Chatham Worth Cobb Webster Brooks Berrien Turner Tattnall Taylor Dodge Liberty Stewart Bryan Effingham Catoosa Clayton Crawford Wilcox Polk Screven Floyd Carroll Walker Fulton Franklin Morgan Camden Mitchell Washington Burke Terrell Chatham Chatham Telfair Wayne Coweta Jasper Taliaferro Coweta Randolph Harris Lee Cobb Gwinnett Walton Treutlen

17

CITY
Sparks Sparta Springfield Stapleton Statesboro Statham Stillmore Stockbridge Stone Mountain Sugar Hill Summertown Summerville Sumner Suwanee Swainsboro Sycamore Sylvania Sylvester Talbotton Talking Rock Tallapoosa Tallulah Falls Tarryton Temple Tennille Thomaston Thomasville Thomson Thunderbolt Tifton Tignall Toccoa Toomsboro Trenton Trion Turin Twin City Tyrone TyTy Unadilla Union City Union Point Uvalda Valdosta Vidalia Vienna Villa Rica Waco Wadley Waleska Warm Springs Warner Robins Warrenton
Warwick Washington Watkinsville Waverly Hall Waycross Waynesboro Weston West Point Whigham White White burg Willacoochee Williamson Winder Winterville Woodbine Woodbury Woodland Woodstock Wrens Wrightsville Yatesville Young Harris Zebulon

COUNTY
Cook Hancock Effingham Jefferson Bulloch Barrow Emanuel Henry DeKalb Gwinnett Emanuel Chattooga Worth Gwinnett Emanuel Turner Screven Worth Talbot Pickens Haralson Rabun Montgomery Carroll Washington Upson Thomas McDuffie Chatham Tift Wilkes Stephens Wilkinson Dade Chattooga Coweta Emanuel Fayette Tift Dooly Fulton Greene Montgomery Lowndes Toombs Dooly Carroll Haralson Jefferson Cherokee Meriwether Houston Warren
Worth Wilkes Oconee Harris Ware Burke Webster Troup Grady Bartow Carroll Atkinson Pike Barrow Clarke Camden Meriwether Talbot Cherokee Jefferson Johnson Upson Towns Pike

COUNTY-TOWN INDEX

APPLING Baxley
ATKINSON Pearson Willacoochee
BACON Alma
BAKER Newton
BALDWIN Milledgeville
BANKS Alto Baldwin Maysville
BARROW Auburn Carl Statham Winder
BARTOW Adairsville Cartersville Emerson Kingston White
BEN HILL Fitzgerald
BERRIEN Alapaha Enigma Nashville Ray City
BIBB Macon
BLECKLEY Cochran
BRANTLEY Hoboken Nahunta
BROOKS Barwick Morven Quitman
BRYAN Pembroke Richmond Hill
BULLOCH Brooklet Portal Statesboro
BURKE Midville Sardis Waynesboro
BUTTS Flovilla Jackson Jenkinsburg
CALHOUN Arlington Edison Leary Morgan
CAMDEN Kingsland St. Marys Woodbine

CANDLER Metter
CARROLL Bowdon Carrollton Roopville Temple Villa Rica Whitesburg

COWETA Grantville Moreland Newnan Senoia Sharpsburg Turin
CRAWFORD Roberta

CATOOSA Fort Oglethorpe Ringgold

CRISP Arabi Cordele

CHARLTON Folkston Homeland
CHATHAM Pooler Port Wentworth Savannah Savannah Beach Thunderbolt

DADE Trenton
DAWSON Dawsonville
DECATUR Attapulgus Bainbridge Climax

CHAIT AHOOCHEE Cusseta
CHATTOOGA Lyerly Menlo Summerville Trion
CHEROKEE Ballground Canton Holly Springs Waleska Woodstock

DEKALB Avondale Estates Chamblee Clarkston Decatur Doraville Uthonia Pine Lake Stone Mountain
DODGE Chauncey Chester Eastman Rhine

FAYETTE Brooks Fayetteville Tyrone
FLOYD Cave Spring Rome
FORSYTH Cumming
FRANKLIN Canon Carnesville Franklin Springs Lavonia Royston
FULTON Alpharetta Atlanta College Park East Point Fairburn Hapeville Mountain Park Palmetto Roswell Union City
GILMER East Ellijay Ellijay
GLASCOCK Gibson Mitchell
GLYNN Brunswick

CLARKE Athens Wintt!rville
CLAY Fort Gaines
CLAYTON Ellenton Forest Park Jonesboro Lake City Morrow Riverdale
CLINCH Homerville
COBB Acworth Austell Kennesaw Marietta Powder Springs Smyrna

DOOLY Byromville Lilly Pinehurst Unadilla Vienna
DOUGHERTY Albany
DOUGLAS Douglasville
EARLY Blakely Damascus Jakin
ECHOLS Statenville
EFFINGHAM Guyton Rincon Springlleld

GORDON Calhoun Fairmount Plainville
GRADY Cairo Whigham
GREENE Greensboro Union Point
GWINNETT Berkley Lake Buford Dacula Duluth Grayson L<Jwrenceville Lilburn Norcross Snellville Sugar Hill Suwanee

COFFEE Ambrose Broxton Douglas Nicholls
COLQUITT Berlin Doerun Moultrie Norman Park
COLUMBIA Grovetown Harlem
COOK Adel Cecil Lenox Sparks

FLBERT Bowman Elbenon
EMANUEL Adrian Garfield Stil!more Summertown Swainsboro Twin City
EVANS Bellvi!le Claxton Hagan
FANNIN Blue Ridge McCaysvil[e Mineral Bluff Morganton

HABERSHAM Clarkesville Cornelia Demorest Mount Airy
HALL Clermont Flowery Branch Gainesville Gillsville Lui a Oakwood
HANCOCK Sparta
HARALSON Bremen Buchanan Tallapoosa Waco

HARRIS Hamilton Pine Mountain Shiloh Waverly Hall
HART Bowersville Hartwell
i!BARD Franklin
HENRY Haffipton Locust Grove McDonough Stockbridge
HOUSTON Centerville Perry Warner Robins
IRWIN Ocilla
JACKSON Braselton Commerce Hoschton Jefferson Pendergrass
JASPER Monticello Shady Dale
JEFF DAVIS Hazelhurst
JEFFERSON Avera Bartow Louisville Stapleton Wadley Wrens
JENKINS Millen
JOHNSON Kite Wrightsville
JONES Gray
LAMAR Barnesville Milner
LANIER Lakelmtd
LAURENS C;:Jdwell Dublin Dudley E:jst Dublin Montrose
LEE Leesburg Smithville
LIBERTY Hinesville Riceboro
LINCOLN Lincolnton
LONG Ludowici

WWNDES Hahira Lake Park Valdosta
LUMPKIN Dahlonega
MACON Ideal Marshallville Montezuma Oglethorpe
MADISON Carlton Colbert Comer Danielsville Hull !Ia
MARION Buena Vista
MCDUFFIE Dearing Thomson
MCINTOSH Darien
MERIWETHER Gay Greenville Luthersville Manchester Warm Springs Woodbury
MILLER Colquitt
MITCHELL Baconton Camilla Pelham Sale City
MONROE Culloden Forsyth
MONTGOMERY Ailey Mount Vernon
Tarryton Uvalda
MORGAN Buckhead Madison Rutledge
MURRAY Ch<Jtsworth Eton
MUSCOGEE Bibb City Columbus
NEWTON Covington Mansfield Newborn Oxford Porterdale
OCONEE Bishop Bogart Watkinsville
OGLETHORPE Crawford Lexington

PAULDING Dallas Hiram
PEACH Byron Fort Valley
PICKENS Jasper Nelson Talking Rock
PIERCE Blackshear Patterson
PIKE Concord Meansville Molena Williamson Zebulon
POLK Cedartown Rockmart
PULASKI Hawkinsville
PUTNAM Eatonton
QUITMAN Georgetown
RABUN Clayton Tallulah Falls
RANDOLPH Coleman Cuthbert Shellman
RICHMOND Augusta Hepzibah
ROCKDALE Conyers
SCHLEY Ellaville
SCREVEN Newington Oliver Rocky Ford Sylvania
SEMINOLE Donalsonville Iron City
SPALDING Griffin
STEPHENS Avalon Martin Toccoa
STEWART Lumpkin Richland
SUMTER Americus Andersonville Leslie Plains
TALBOT Geneva Junction City Talbotton Woodland

TALIAFERRO Crawfordville Sharon
TATTNALL Collins Glennville Manassas Reidsville
TAYLOR Butler Reynolds
TELFAIR Helena Lumber City McRae Milan Scotland

WARREN Camak Norwood Warrenton
WASHINGTON Davisboro Harrison Oconee Sandersville Tennille
WAYNE Jesup Odum Screven
WEBSTER Preston Weston

TERRELL Bronwood Dawson Parrott Sasser
THOMAS Boston Coolidge Meigs Ochlocknee Pavo Thomasville
TIFT Omega Tifton Ty Ty
TOOMBS Lyons Vidalia
TOWNS Hiawassee Young Harris

WHEELER Alamo Glenwood
WHITE Cleveland Helen
WHITFIELD Dalton
WILCOX Abbeville Pineview Pitts Rochelle
WILKES Tignall Washington
WILKINSON Gordon lvey Mcintyre Toornbsboro

TREUTLEN Soperton
TROUP Hogamville LaGrange West Point

WORTH Poulan Sumner Sylvester Warwick

TURNER Ashburn Rebecca Sycamore

TWIGGS D<Jnville Jeffersonville

UNION Blairsville

UPSON Thomaston Yatesville

WALKER Chickamauga LaFayette Linwood Rossville

WALTON Loganville Lookout Mountain Monroe Social Circle

WARE Waycross

18

ADDITIONAL SOURCES OF
TAX INFORMATION
Georgia Department of Labor. ANNUAL REPORT, 1974. 33 pages. Free. Programs and operations during 1974. Current and historical statistics on unemployment insurance. Order from Georgia Department of Labor, Manpower Resources Division, Atlanta 30334.
Georgia Secretary of State. GEORGIA BUSINESS CORPORATION CODE (with amendments through 1975). 264 pages. $2.00.
Reprint of Act 982 approved by the 1968 session of the Georgia General Assembly and all subsequent amendments through 1975. Order from Georgia Secretary of State, Corporation Department, Atlanta 30334.
Georgia Secretary of State. OFFICIAL COMPILATION RULES AND REGULATIONS OF THE STATE OF GEORGIA. 6 volumes, updated continuously by insert. $165.00.
Rules and regulations of all state agencies. Order from Administrative Procedure Act Division, Office of Georgia Secretary of State, Room 205E, 116 Mitchell Street, S.W., Atlanta 30303.
Georgia Department of Revenue. THE GEORGIA RETAILERS AND CONSUMERS SALES AND USE TAX ACT. 39 pages. Free.
Reprint of the Sales and Use Tax Act as amended through 1973. Order from Georgia Department of Revenue, Sales Tax Unit, Atlanta 30334.
Georgia Department of Revenue. 1974 STATISTICAL REPORT. 49 pages. Free. Revenue collections and trends. Georgia comparison with region and nation. Selected tax data by type and county. Order from Georgia Department of Revenue, Research Section, Atlanta 30334.
Georgia Department of Revenue. A CITIZEN'S GUIDE TO GEORGIA TAXES. 17 pages. Free.
Taxes administered by the Georgia Department of Revenue and legal citation for each. Operating units, addresses, and unit directors. Order from Georgia Department of Revenue, Public Information Section, Atlanta 30334.
Georgia State University. SUMMARY OF THE WORKMEN'S COMPENSATION LAW OF GEORGIA, 1975. 6 pages. Free.
Basic summary of Georgia's Workmen's Compensation Law. Order from Center for Insurance Research, 100 Edgewood Avenue, Atlanta 30303.
Georgia Business and Industry Association. UNEMPLOYMENT COMPENSATION: HOW TO CONTROL THE COST OF. 5 pages. Free.
Suggestions to the employer in complying with the law and in securing the greatest advantages under the experience rating provisions. Order from GBIA, 181 Washington Street, Atlanta 30303.
The Harrison Company. GEORGIA CODE ANNOTATED. 59 volumes. $785.00. Order from The Harrison Company, 178 Pryor Street, S. W., Atlanta 30303.
19

TAX COMPUTATION FORM

An estimate of Georgia taxes may be derived by completing the worksheet below.

PROPERTY TAX

land and building machinery & equipment inventory

fair market (value in $1, 000 s)
$~-----

total

X

(effective rate)

$_ _ _ __

INTANGIBLE PROPERTY

fair market

(value in $1,000s)

stocks & bonds

$

x

collateral security loans

x

money, receivables,

short term mortgage

notes, patents and

copyrights

X

$1. 00 . 25
. 10

Total

$:___ _ _ __

CORPORATE INCOME TAX

est. adjusted

net income

[$

X

percent earned in Ga.

(factor B, page 10)

[

o/o]

X

[ 6% l

CORPORATE FRANCHISE TAX tax from table

SALES & USE TAX Retail purchases
supplies, materials electricity, fuel other
total

(est. value) $._ _ _ _ __

X

3%

UNEMPLOYMENT INSURANCE taxable wages $_ _ _ __ x estimated rate - - - - -

$_ _ _ __ $_ _ _ __
$_ _ _ __ $_ _ _ __

WORKMEN'S COMPENSATION Total tax liability 20

$_ _ _ __
$==========

TAX CHECKLIST

FEDERAL []Obtain businessman's kit, custom-prepared, for your company, from nearest Internal Revenue Service office. Kit contains data and forms for:

U. S. Internal Revenue Service (404) 455-2141

Employer identification number
Income , Business , Employee withholding
Social security Federal unemployment insurance Other federal taxes

STATE
0 Obtain income tax number, sales tax number, and
instructions for these taxes:

Georgia Department of Revenue:

[]BUSINESSES IN GENERAL Employee withholding Sales and use Unemployment insurance Workmen's compensation

(404) 656-4180 (404) 656-4060 (404) 656-3080 (404) 656-2900

[]CORPORATIONS Corporation income Corporation license or occupation tax (franchise tax) Corporation registration

(404) 656-4165
(404) 656-4165 (404) 656-2185

[]PARTNERSHIPS AND SUBCHAPTERS CORPORATIONS File informational returns

(404) 656-4291

(]PROPRIETORSHIPS Estate Income

(404) 656-li2Li3 (404) 656-4291

[]SPECIAL TAX CATEGORIES Alcoholic and malt beverages, wine Motor fuel, motor carriers, motor trucks Tobacco products, cigars, cigarettes New car dealer automobile tags

(404) 656-4260 (404) 656-4050 (404) 656-4260 (404) 656-4123

0TAX EXEMPTIONS (SALES, LOCAL PROPERTY, OR INCOME TAX) Air and water pollution control equipment Manufacturing machinery used directly in the manufacturing process

(404) 656-4065 (404) 656-4065

LOCAL (]Comply with city, county, and school district tax requirements: School Local business license Property -Real (land, etc.) -Personal (motor vehicles, etc.) -Intangible (cash, etc.)

City or county tax assessor*

*For address of local agencies and officials, contact Business Research Library, Georgia Bureau of Industry and Trade (404) 656-3586.