Georgia Corporate Tax Return

Corporate Tax Return
600 Corporation Tax Return
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Georgia Form

600

(
(Rev.
07/23/24)

Page 1

Corporation Tax Return (Approved web version)
Georgia Department of Revenue

2024

Income Tax Return

Beginning
n

2025

in

(attach explanation)

in

SELECT
R. And when reported to Georgia

ion

.

Representative’s

.

COMPUTATION OF GEORGIA TAXABLE INCOME AND TAX

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

SCHEDULE 1

Federal Taxable Income (Copy of Federal return and supporting schedules must be attached) .....
1.
Additions to Federal Income (from Schedule 4) ...................................................................
2.
Total (add Lines 1 and 2) ......................................................................................................
3.
Subtractions from Federal Income (from Schedule 5) .........................................................
4.
Balance (Line 3 less Line 4) .................................................................................................
5.
Georgia Net Operating loss deduction (from Schedule 9; See IT-611 instructions for 80% limitation) 6.
7.
Georgia Taxable Income (Line 5 less Line 6 or Schedule 7, Line 9) ...................................
Passive Loss/Capital Loss Deduction (attach Schedule); See IT-611 instructions.................
8.
9.
Georgia Taxable Income after Passive Loss/Capital Loss Deduction. (Line 7 less Line 8)....
Income Tax Line 9 x 5.39%).................................................................................................. 10.

COMPUTATION OF NET WORTH TAX

1.
2.
3.
4.
5.
6.
7.

Total Capital stock issued ......................................................................................................
Paid in or Capital surplus .....................................................................................................
Total Retained earnings .......................................................................................................
Net Worth (Total of Lines 1, 2, and 3) ....................................................................................
5.
Ratio (GA. and Dom. For. Corp.-100%) (Foreign Corp. - Line 4, Sch. 8)....
Net Worth Taxable by Georgia (Line 4 x Line 5) ......................................................................
Net Worth Tax (from table in instructions) .............................................................................

SCHEDULE 2

1.
2.
3.
4.
6.
7.

CLEAR

Georgia Form 600/2024

Page 2

(Corporation) Name

FEIN

COMPUTATION OF TAX DUE OR OVERPAYMENT

A. Income Tax

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.

SCHEDULE 3

(ROUND TO NEAREST DOLLAR)
B. Net Worth Tax

C. Total

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2.
3.
4.
5.
6.
7.
8.
9.
10.
11.

Total Tax (Schedule 1, Line 10 and Schedule 2, Line 7) .....
Credits and payments of estimated tax.................................
Schedule 10* Credits (must be filed electronically)...............
Withholding Credits (G2-A, G2-LP, and/or G2-RP)...............
Schedule 10B Refundable tax credits (must be filed electronically)

Balance of tax due (Line 1, less Lines 2, 3, 4, and 5)............
Amount of overpayment (Lines 2, 3, 4, and 5 less Line 1)....
Interest due (See Instructions) ..............................................
Form 600 UET (Estimated tax penalty) ................................
Other penalty due (See Instructions) ....................................
).............................................

Refund

12. Amount to be credited to 2025 estimated tax (Line 7 less Lines 8-10)

12.

*NOTE: Any tax credits from Schedule 10 may be applied against income tax liability only, not net worth tax liability.

SEE PAGE 3 SIGNATURE SECTION FOR DIRECT DEPOSIT OPTIONS

ADDITIONS TO FEDERAL TAXABLE INCOME

1.
2.
3.
4.
5.
6.
7.
8.
9.

State and municipal bond interest (other than Georgia or political subdivision thereof) ...........
Net income or net profits taxes imposed by taxing jurisdictions other than Georgia ................
Expense attributable to tax exempt income ................................................................................
Net operating loss deducted on Federal return ..........................................................................
Reserved
Intangible expenses and related interest cost ...........................................................................
Captive REIT expenses and costs ..............................................................................................
Other Additions (Attach Schedule) .............................................................................................
TOTAL - Enter also on Line 2, Schedule 1 ...................................................................................

SUBTRACTIONS FROM FEDERAL TAXABLE INCOME

1.
2.
3.
4.
5.

SCHEDULE 4

(ROUND TO NEAREST DOLLAR)

1.
2.
3.
4.
5.
6.
7.
8.
9.
SCHEDULE 5

(ROUND TO NEAREST DOLLAR)

Interest on obligations of United States (must be reduced by direct and indirect interest expense)
Exception to intangible expenses and related interest cost (Attach IT-Addback) ..................
Exception to captive REIT expenses and costs (Attach IT-REIT) ............................................
Other Subtractions (Must Attach Schedule) .............................................................................
TOTAL - Enter also on Line 4, Schedule 1..................................................................................

1.
2.
3.
4.
5.

APPORTIONMENT OF INCOME

SCHEDULE 6
A. WITHIN GEORGIA

1. Gross receipts from business....................................
2. Georgia Ratio (Divide Column A by Column B)............
COMPUTATION OF GEORGIA NET INCOME

B. EVERYWHERE

C. DO NOT ROUND
COL (A) / COL (B)
COMPUTE TO SIX DECIMALS

1.
2.
SCHEDULE 7

(ROUND TO NEAREST DOLLAR)

1. Net business income (Schedule 1, Line 5) ................................................................................

1.

2.
3.
4.
5.
6.
7.
8.
9.

2.
3.

Income allocated everywhere (Must Attach Schedule) ............................................................
Business income subject to apportionment (Line 1 less Line 2) ..............................................
Georgia Ratio (Schedule 6, Column C) .................................
4.
Net business income apportioned to Georgia (Line 3 x Line 4) ................................................
Net income allocated to Georgia (Attach Schedule) .................................................................
Total of Lines 5 and 6 .................................................................................................................
Less: Net operating loss apportioned to GA (from Schedule 9, see IT-611 80% instructions) ......
Georgia taxable income (Enter also on Schedule 1, Line 7) .....................................................

5.
6.
7.
8.
9.

Georgia Form 600/2024

Page 3

(Corporation) Name

FEIN

COMPUTATION OF GEORGIA NET WORTH RATIO

(TO BE USED BY FOREIGN CORPS ONLY)
A. WITHIN GEORGIA

B. TOTAL EVERYWHERE

SCHEDULE 8
C. GA Ratio (A/B)
DO NOT ROUND
COMPUTE TO SIX DECIMALS

1. Total value of property owned (Total assets from Federal balance sheet) 1.
2. Gross receipts from business .......................................................
3. Totals (Line 1 plus Line 2)...............................................................

2.
3.

4. Georgia Ratio (Divide Line 3A by 3B)................................................ 4.

A copy of the Federal Return and supporting Schedules must be attached if filing by paper. No extension of time for filing will be allowed
unless a copy of the request for a Federal extension or Form IT-303 is attached to this return.

Make check payable to: Georgia Department of Revenue
Mail to: Georgia Department of Revenue, Processing Center, PO Box 740397, Atlanta, Georgia 30374-0397
DIRECT DEPOSIT OPTIONS
A. Direct Deposit (For U.S. Accounts Only) See booklet for further instructions. If Direct Deposit is not selected, a paper check will be issued.

Type: Checking

Savings

Routing
Number
Account
Number

Declaration: I/We declare under the penalties of perjury that I/we have examined this return (including accompanying schedules and statements) and to
the best of my/our knowledge and belief, it is true, correct, and complete. If prepared by a person other than the taxpayer, this declaration is based on all
information of which the preparer has knowledge.

By providing my e-mail address I am authorizing the Georgia Department of Revenue to electronically notify me at the below e-mail address regarding any updates to
my account(s).

Taxpayer’s E-mail Address:
Check the box to authorize the Georgia Department of Revenue to discuss the contents of this tax return with the named preparer.

SIGNATURE OF OFFICER

SIGNATURE OF INDIVIDUAL OR FIRM PREPARING THE RETURN

TITLE

FIRM PREPARING THE RETURN

DATE

PREPARER’S PHONE NUMBER

PREPARER’S FEIN/SSN/PTIN

o

Page 4

4

Carry

O

Current Year

Los

r

Type:

Normal NOL

Loss

om

additional copies as needed.

LL

Loss

Loss

RESET SCH 9

(Corporation) Name

FEIN

(ROUND TO NEAREST DOLLAR)
CREDIT USAGE AND CARRYOVER
SCHEDULE 10
1. Complete a separate schedule for each Credit Code.
2. Total the amounts on Line 13 of each schedule and enter the total on the credit line of the return.
3. If there is a credit eligible for carryover to this tax year, please complete a schedule even if the credit is not used for this tax year.
4. See the tax booklet for a list of credit codes.
5. See the relevant forms, statutes, and regulations to determine how the credit is allocated to the owners, to determine when carryovers
expire, and to see if the credit is limited to a certain percentage of tax.
6. If the credit for a particular credit code originated with more than one person or company, enter separate information on Lines 3 through 9 below.
7. The credit certificate number is issued by the Department of Revenue for credits that are preapproved. If applicable, please enter the Department
of Revenue credit certificate number where indicated.
8. Before the Line 14 carryover is applied to the next tax year, the amount must be reduced by any amounts elected to be applied to withholding for
this tax year and by any carryovers that have expired.
For the credit generated this tax year, list the Company Name, ID number, and Credit Certificate number if applicable. Purchased credits
and credits received from an assignment should also be included. If the credit originated with this taxpayer, enter this taxpayer’s name
and ID# below.

1. Credit Code SELECT
2. Credit remaining from previous years (do not include amounts elected to be applied to
withholding)
3. Company Name
Credit Certificate #
4. Company Name
Credit Certificate #
5. Company Name
Credit Certificate #
6. Company Name

ID Number
Credit Generated
this Tax Year
ID Number
Credit Generated
this Tax Year
ID Number
Credit Generated
this Tax Year
ID Number

Credit Certificate #

Credit Generated
this Tax Year

7. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year
ID Number

8. Company Name
Credit Certificate #
9. Company Name

Credit Generated
this Tax Year
ID Number

Credit Generated
this Tax Year
10. Total available credit for this tax year (sum of Lines 2 through 9)
10.
11. Enter the amount assigned to affiliated entities (see Schedule 11)
11.
12.
12. Enter the amount of the credit sold (only certain credits can be sold; see instructions)
13.
13. Credit used for this tax year (enter here and on Schedule 3, Line 3)
14.
14. Potential carryover to next tax year (Line 10 less Lines 11,12, and 13)
Credit Certificate #

CREDITS MUST BE FILED ELECTRONICALLY

CREDITS MUST BE FILED ELECTRONICALLY

Georgia Form 600/2024

Page 5

Page 6
SCHEDULE 10B
(Corporation) Name

FEIN

REFUNDABLE TAX CREDITS
(ROUND TO NEAREST DOLLAR)
SCHEDULE 10B
1. Complete a separate schedule for each Credit Code.
2. Total the amounts on Line 13 of each schedule and enter the total on the credit line of the return.
3. If there is a credit eligible for carryover to this tax year, please complete a schedule even if the credit is not used for this tax year.
4. See the tax booklet for a list of credit codes.
5. See the relevant forms, statutes, and regulations to determine how the credit is allocated to the owners and, to determine when carryovers expire.
6. If the credit for a particular credit code originated with more than one person or company, enter separate information on Lines 3 through 9 below.
7. The credit certificate number is issued by the Department of Revenue for credits that are preapproved. If applicable, please enter the Department
of Revenue credit certificate number where indicated.
8. Before the Line 14 carryover is applied to the next tax year, the amount must be reduced by any amounts elected to be applied to withholding for
this tax year and by any carryovers that have expired.
For the credit generated this tax year, list the Company Name, ID number, and Credit Certificate number if applicable. Purchased credits
and credits received from an assignment should also be included. If the credit originated with this taxpayer, enter this taxpayer’s name
and ID# below.
Note: A purchased Timber Tax Credit is not a refundable tax credit. Use Schedule 10 if the Timber Tax Credit was purchased.

1. Credit Code SELECT
2. Credit remaining from previous years (do not include amounts elected to be applied to
withholding)
3. Company Name
Credit Certificate #
4. Company Name
Credit Certificate #
5. Company Name
Credit Certificate #
6. Company Name

ID Number
Credit Generated
this Tax Year
ID Number
Credit Generated
this Tax Year
ID Number
Credit Generated
this Tax Year
ID Number

Credit Certificate #

Credit Generated
this Tax Year

7. Company Name

ID Number

Credit Certificate #

Credit Generated
this Tax Year
ID Number

8. Company Name
Credit Certificate #
9. Company Name

Credit Generated
this Tax Year
ID Number

Credit Generated
this Tax Year
10. Total available credit for this tax year (sum of Lines 2 through 9)
10.
11. Enter the amount assigned to affiliated entities (see Schedule 11)
11.
12.
12. Enter the amount of the credit sold (only certain credits can be sold; see instructions)
13.
13. Credit used for this tax year (enter here and on Schedule 3, Line 5)
14.
14. Potential carryover to next tax year (Line 10 less Lines 11,12, and 13)
Credit Certificate #

CREDITS MUST BE FILED ELECTRONICALLY

CREDITS MUST BE FILED ELECTRONICALLY

Georgia Form 600/2024

(Corporation) Name

FEIN

ASSIGNED TAX CREDITS

(ROUND TO NEAREST DOLLAR)

SCHEDULE 11

Georgia Code Section 48-7-42 provides that in lieu of claiming any Georgia income tax credit for which a taxpayer otherwise is eligible
for the taxable year, the taxpayer may elect to assign credits in whole or in part to one or more “affiliated entities”. The term “affiliated
entities” is defined as:
1) A corporation that is a member of the taxpayer’s affiliated group within the meaning of Section 1504(a) of the Internal Revenue
Code; or
2) An entity affiliated with a corporation, business, partnership, or limited liability company taxpayer, which entity:
(a) Owns or leases the land on which a project is constructed;
(b) Provides capital for construction of the project; and
(c) Is the grantor or owner under a management agreement with a managing company for the project.
No carryover attributable to the unused portion of any previously claimed or assigned credit may be assigned or reassigned, except if the
assignor and the recipient of an assigned tax credit cease to be affiliated entities, then any carryover attributable to the unused portion
of the credit is transferred back to the assignor of the credit. The assignor is permitted to use any such carryover and also shall be
permitted to assign the carryover to one or more affiliated entities, as if such carryover were an income tax credit for which the assignor
became eligible in the taxable year in which the carryover was transferred back to the assignor. In the case of any credit that must be
claimed in installments in more than one taxable year, the election under this subsection may be made on an annual basis with respect
to each such installment. For additional information, please refer to Georgia Code Section 48-7-42.
If the corporation filing this return is assigning tax credits to other affiliates, please provide detail below specifying where the tax credits
are being assigned.
All assignments of credits must be made before the statutory due date of the return (including extensions) per
O.C.G.A. § 48-7-42 (b).
Credit Code

Corporation Name

FEIN

Amount of Credit

1. SELECT

1.

2. SELECT

2.

3. SELECT

3.

4. SELECT

4.

5. SELECT

5.

6. SELECT

6.

7. SELECT

7.

8. SELECT

8.

Credit Certificate #
(if applicable )

CREDITS MUST BE FILED ELECTRONICALLY

CREDITS MUST BE FILED ELECTRONICALLY

Georgia Form 600/2024

Page 7

Georgia Form 600/2024

Page 8

RESET SCH 12
FEIN

(Corporation) Name

SCHEDULE

All members (Parent and Subsidiaries) included in the Georgia consolidated group must be listed.
Enter the Georgia Parent corporation on Line 1. List the subsidiary members included in the consolidated group on the
remaining lines.
Enter the Federal Employer Identification Number (FEIN) for each member in the consolidated group.
Enter the Net Worth tax amount listed on Schedule 2, Line 7 for each member in the Georgia group, including
the Parent corporation.
Enter the total Net Worth tax from all additional Schedule 12(s).
Add lines 1 through 26. Enter the total Net Worth Tax and enter this amount on Schedule 3, Line 1B.

Nam

A

B

FEIN

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2.
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6.
7.
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9.
10.
11.
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13.
14.
15.
16.
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18.
19.
20.
21.
22.
23.
24.
25.
26. Enter total Net Worth Tax from all Additional Schedule 12(s).......................... 26.
27. Total Net Worth Tax, add lines 1 through 26.
(Enter on Schedule 3, Line 1B) ....................................................................... 27.

C

Net Worth Tax