REVENUE AND TAXATION Taxation of Intangibles: Modify the Manner of Calculating the State Occupancy Tax on Depository Financial Institutions; Provide Definitions Applicable to Taxation of Financial Institutions and Intangible Personal Property Tax; Modify Carry-Over of Unused Credits with Respect to Income Taxation of Corporations

Authors

Kean J. DeCarlo

Document Type

Peach Sheet

Abstract

This Act provides a basis for the proper taxation of financial institutions conducting business within the state. The Act allows the state to tax a financial institution's percentage of business conducted within the state. The Act eliminates the requirement that the financial institution be domiciled in the state in order to be properly taxed. The Act also requires a report from the state revenue commissioner to ensure that the resulting taxation changes under this Act are revenue-neutral.

Recommended Citation

Kean J. DeCarlo, REVENUE AND TAXATION Taxation of Intangibles: Modify the Manner of Calculating the State Occupancy Tax on Depository Financial Institutions; Provide Definitions Applicable to Taxation of Financial Institutions and Intangible Personal Property Tax; Modify Carry-Over of Unused Credits with Respect to Income Taxation of Corporations, 13 Ga. St. U. L. Rev. (1996).
Available at: https://readingroom.law.gsu.edu/gsulr/vol13/iss1/11