One Click Case Law for § 48-7-40-23
O.C.G.A. § 48-7-40-22 <-- --> O.C.G.A. §48-7-40-24

2010 Georgia Code

TITLE 48 - REVENUE AND TAXATION

CHAPTER 7 - INCOME TAXES
ARTICLE 2 - IMPOSITION, RATE, AND COMPUTATION; EXEMPTIONS
§ 48-7-40.23 - Election to count new jobs on calendar year basis

O.C.G.A. 48-7-40.23 (2010)
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.