One Click Case Law for § 48-13-74
O.C.G.A. § 48-13-73 <-- --> O.C.G.A. §48-13-75

2010 Georgia Code

TITLE 48 - REVENUE AND TAXATION

CHAPTER 13 - SPECIFIC, BUSINESS, AND OCCUPATION TAXES
ARTICLE 4 - CORPORATE NET WORTH TAX
§ 48-13-74 - Determination of net worth of corporation; determination by commissioner absent disclosure of true net worth on corporation's books or return

O.C.G.A. 48-13-74 (2010)
48-13-74. Determination of net worth of corporation; determination by commissioner absent disclosure of true net worth on corporation's books or return


For the purpose of ascertaining the corporate net worth tax imposed by this article, the net worth of the corporation shall be presumed to be the net worth as disclosed on the corporation's books and as reflected on the return required to be filed annually by the corporation. In the event the commissioner ascertains that the books of any corporation reporting under this article or the return filed for any corporation reporting under this article, as provided in Code Section 48-13-77, does not disclose the true net worth of the corporation, the net worth of the corporation shall have the value fixed by the commissioner from any information obtained by the commissioner from any source.