REVENUE AND TAXATION Income Taxes: Provide Provisions Regarding Treatment by Corporations of Foreign Dividends, Job Tax Credits, Withholding Taxes on Distributions from Partnerships, Withholding Taxes on Transfers of Real Property by Nonresidents, and Computer Software Ad Valorem Tax

Authors

Maria FriedmanFollow

Document Type

Peach Sheet

Abstract

HB 536 clarifies which dividends received from foreign sources a corporation may deduct from its net income and creates a job tax credit program for jobs created in less developed areas. HB 384 creates a withholding tax equal to four percent of the distributions made from partnerships, S corporations, and limited liability companies that do business in Georgia to nonresident members. HB 385 creates a withholding tax on transfers of real property from nonresidents to residents. HB 350 changes the list of intangible personal property subject to ad valorem taxation to include computer software.

Recommended Citation

Maria Friedman, REVENUE AND TAXATION Income Taxes: Provide Provisions Regarding Treatment by Corporations of Foreign Dividends, Job Tax Credits, Withholding Taxes on Distributions from Partnerships, Withholding Taxes on Transfers of Real Property by Nonresidents, and Computer Software Ad Valorem Tax, 10 Ga. St. U. L. Rev. (1993).
Available at: https://readingroom.law.gsu.edu/gsulr/vol10/iss1/14