Georgia S Corporation Income Tax Booklet

S Corporation Income Tax Booklet
Georgia S Corporation Income Tax Booklet
2025
Georgia

S Corporation Income Tax
General Instructions

Georgia Tax Center
Electronic Filing
Estimated Income Tax
Net Worth Tax
Instructions

dor.georgia.gov
1-877-423-6711

Tax Credits

List of Credits and Codes

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2025 IT-611S Instructions Booklet

From The
Commissioner
Did you know that by registering an account with the Department of Revenue’s Georgia Tax Center (GTC),
you can sign up to receive notifications when any activity takes place on your account? These notifications
help you closely monitor your tax status and help combat fraudulent activity. Visit gtc.dor.ga.gov to register.
For assistance, you may visit our self-service instructional videos at dor.georgia.gov/gtc-videos.
Did you also know that taxpayers who file their returns electronically and have their refunds directly deposited into their bank accounts receive their refunds much more quickly than those who filed a paper return?
If you have been considering electronic filing, some of the benefits include:
• Faster and more accurate processing
• Receiving your refund more quickly by either mail or direct deposit
• The ability to file from your home PC or have your taxes prepared by a professional electronic return
originator
• Elimination of mailing paper returns
If you file electronically and need to make a payment, you may pay by electronic check using the Georgia
Tax Center. Visit gtc.dor.ga.gov or visit our self-service instructional videos at dor.georgia.gov/gtc-videos.
For additional information contact the Taxpayer Customer Contact Center at 1-877-423-6711.
The Department of Revenue, as outlined in the Taxpayer Bill of Rights, will provide “fair, courteous and timely service” to the taxpayers of Georgia. We have implemented several initiatives to ensure we uphold that
standard. Our mission is to administer the tax laws of the state of Georgia fairly and efficiently in order to
promote public confidence and compliance while providing excellent customer service. Visit https://dor.
georgia.gov/taxpayer-bill-rights to view a copy of the Taxpayer Bill of Rights.
David J. Burge
Revenue Commissioner

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2025 IT-611 Instructions Booklet

Georgia Department of
Revenue

What’s Inside?

Online Assistance

Adjustments to Federal Income...................................10
Allocation and Apportionment of Income................12
Filing Checklist and Common Errors....................25
Electronic Payments...........................................................18
Estimated Income Tax.....................................................19
Extension Information.........................................................9
Filing Requirements.............................................................8
Georgia Tax Center (GTC).................................................4
Net Worth Tax Instructions.........................................15
Net Worth Tax Table......................................................16
Penalties and Interest..................................................17
Tax Credits......................................................................20-23
Taxpayer Assistance..........................................................5
What’s New..............................................................................6

Find us Online by going to dor.georgia.gov:
•
•
•
•

Download Tax Forms
Find Answers to Frequently Asked Questions
View the Taxpayer Bill of Rights
Find Georgia Regulations

Get help with:
• Refunds
• Web Access
Customer Contact Center:
1-877-423-6711

When and Where to File...................................................8

Electronic Filing

Accuracy. Security. Paperless. More Features.

Credit Card Payments

The Georgia Department of Revenue accepts Visa, American Express, MasterCard, and Discover credit cards
for payment of:
√
Current year corporate tax payments;
√
Liabilities on Department of Revenue-issued assessment notices;
√
Corporate estimated tax payments.

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What is the Georgia Tax Center?
The Georgia Tax Center (GTC) is the Department of Revenue’s secure self-service customer facing portal for
making online Individual or Business Tax payments and for corresponding with the Department of Revenue.

Who can Sign Up for GTC?
Any taxpayer that pays taxes in the State of Georgia is eligible to use GTC for Adult Entertainment Tax, Alcohol License, Composite Tax, Corporate Income Tax, Fiduciary Income Tax, Fireworks Excise Tax, International
Fuel Tax, Motor Fuel Distributor Tax, Non-Prepaid 911 Charge, Prepaid Wireless 911 Charge, Public Service
Commission, Public Utilities and Airlines, Qualified Timberland Property, Railroad Equipment, Sales & Use Tax,
State Hotel-Motel Fee, Tobacco License, Transportation Services Tax, Withholding Misc., Withholding Misc. Film
and Withholding Tax. For more information, see https://gtc.dor.ga.gov.
Note: Third party filers can sign up for GTC to access their clients’ information with the proper documentation
and authorization. For more information see https://dor.georgia.gov/taxes/information-tax-professionals/
third-party-filers.

How Do I Sign Up?
To use GTC, visit our website at gtc.dor.ga.gov. First-time users must register before accessing tax accounts.
To register, you will need:

•

Tax type account number

•

Amount of your last payment

•
•
•

Federal Employer Identification Number (FEIN) / Social Security Number (SSN)
Zip code of your business location
A valid e-mail address

Please visit our website for instructional videos and frequently asked questions:
dor.georgia.gov/georgia-tax-center-help.

GTC Features:
•
•
•
•
•
•
•
•
•
•
•
•
•

Request a refund

Address updates
Penalty waiver requests
Protest of Proposed Assessments
Register and add access to accounts
Submit a Power of Attorney (POA)
View account balances
Respond to document request notices
Manage your tax credits
Make direct debit payments from a US bank and/or using credit or debit cards
View copies of correspondence
Request an Installment Plan Agreement (IPA) or an Offer in Compromise (OIC)
Request Tax Clearance Letter

For a complete list of features visit GTC at https://gtc.dor.ga.gov.

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Taxpayer’s Assistance and Resources
Find us on the web by going to dor.georgia.gov
• Download Tax Forms
• Find Answers to Frequently Asked Questions
• View the Taxpayer Bill of Rights
• Find Georgia Regulations
Customer Contact Center:: 1-877-423-6711
Get help with:
• Refunds
• Billing
• GTC Web Acces

Helpful Resources and Services
• Georgia Relay - Deaf and hard of hearing taxpayers (TDD) visit georgiarelay.org
• Georgia Department of Labor visit www.dol.georgia.gov
• Internal Revenue Service (IRS) visit www.irs.gov
• Secretary of State call 404-656-2817

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2025 IT-611S Instructions Booklet

General Information
What’s New

Introduction

New Tax Rate: For taxable years beginning on or after
January 1, 2024, the income tax rate for S Corporations
electing to pay tax at the entity level is the same
income tax rate imposed on individual taxpayers for
the corresponding taxable year. The tax rate for the
taxable year beginning on or after January 1, 2025 is
5.19%. The tax rate is not prorated but is applicable for
the entire tax period. Fiscal filers must use the tax rate
based on the start of their filing period when filing; the
tax rate is not prorated. The tax rate for subsequent
tax years may change.

Georgia law recognizes an election to file as an S
Corporation under the provisions of the I.R.C. as defined in the income tax laws of Georgia. Any nonresident shareholders must complete Form 600S-CA for
the election to be recognized. It also provides for the
imposition of a Net Worth Tax.

Federal Tax Changes/Conformity,
Legislation, and other Policy Information
Visit dor.georgia.gov/taxes/tax-rules-and-policies
for more information

New Extension Deadline to File Corporate Return:
Corporate taxpayers are granted seven (7) months
to file their Georgia income tax return if the taxpayer
applies for and receives an automatic six (6) month
extension to file their Federal income tax return.

• Federal Tax Changes/Conformity with Federal
Changes
• Regulations

Update to Final Determination Date for Reporting
Federal Changes: Taxpayers must report any federal
changes or corrections resulting from a federal audit
within 180 days of the final determination date. When
those changes result from an amended federal
return, a federal refund claim, an administrative
adjustment request, or a similar report filed under
Section 6225(c) of the Internal Revenue Code, the final
determination date is the date the amended return,
claim, adjustment request, or related report is filed.

• Rules and Policies For legislative information see:
dor.georgia.gov/legislation-summaries.
Georgia did not adopt the revised net operating loss
provisions in the 2020 CARES Act and the modification to the Code Section 461(l) limitation in the 2020
CARES Act and the American Rescue Plan Act of 2021.
• For losses incurred in taxable years beginning on or
after January 1, 2018, there is an 80% limitation on the
usage of net operating losses (the 80% limitation is
based on Georgia taxable net income).

45-day Period to File an Appeal or Protest: Beginning
July 1, 2025, taxpayers will have 45 days to take action
based on the following notices:

• The I.R.C. Section 461(l) adjustment (limitation on
losses for noncorporate taxpayers) is required in the
same manner as was required before the CARES Act.

- From the date of a notice of proposed assessment,
taxpayers have 45 days to file a protest.

• For more information on Georgia’s treatment of the
Cares Act, see https://dor.georgia.gov/taxes/tax-rulesand-policies/income-tax-federal-tax-changes

- Following a notice of refund denial or notice of
partial payment, taxpayers also have 45 days to
submit a protest.

.

Frequently Asked Questions:
Frequently asked questions regarding S corporations,
corporations, partnerships, and LLCs are available
on our website at https://dor.georgia.gov/taxes/taxfaqs-due-dates-and-other-resources.

- Upon issuance of the Official Assessment and
Demand for Payment Notice, taxpayers have 45 days
to file a petition with the Tax Tribunal or the Georgia
Tax Court.

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Subtraction for Hurricane Helene Disaster Relief
Payments: For taxable years beginning on or
after January 1, 2025, and ending on or before
December 31, 2029, taxpayers can subtract from
Georgia taxable income payments received from
a Federal or Georgia disaster relief or assistance
grant program for agricultural losses suffered due
to Hurricane Helene during the 2024 calendar year.

https://dor.georgia.gov/taxes/tax-credits.
155 Timber Tax Credit 2025
156 Converted Vehicle Tax Credit 2025
157 Employer’s Jobs Tax Credit 2025
158 Port Activity Job Tax Credit 2025
159 Port Activity Manufacturing Investment Tax
Credit 2025
160 Life Sciences Manufacturing Job Tax Credit 2025
161 Rural Zone Tax Credit 2025

The programs must be administered by Georgia or
its instrumentalities or the United States Department
of Agriculture and established specifically to address
agricultural losses suffered due to Hurricane Helene
during the 2024 calendar year. The subtraction is only
allowed to the extent the payments were included in
Federal adjusted gross income.

Timber Tax Credit (2025) (Credit Code 155): This is
a refundable income tax credit for taxpayers that
suffered damage due to Hurricane Helene during 2024.
Taxpayers must request preapproval electronically
from the Department through the Georgia Tax Center
(GTC) by December 31, 2025. The aggregate amount
of tax credits allowed is $200 million. The credit can
be sold to a Georgia taxpayer, but the credit is not
refundable for the purchaser of the credit. The credit
must be claimed on or before December 31, 2030.
For more information, refer to O.C.G.A. §48-7-40.37.

Subtraction for Federal Crop Insurance Proceeds
Received for Hurricane Helene: For taxable years
beginning on or after January 1, 2025, and ending
on or before December 31, 2025, taxpayers can
subtract from Georgia taxable income federal crop
insurance proceeds received for the destruction or
damage to crops due to Hurricane Helene during the
2024 calendar year. The subtraction is only allowed
to the extent the proceeds were included in Federal
adjusted gross income.

Converted Vehicle Credit (2025) (Credit Code 156):
This is a credit for the conversion of a conventionally
fueled vehicle to a converted vehicle that is registered
in Georgia. A converted vehicle is a converted that is
retrofitted to be fueled solely by an alternative fuel
and meets the emission standards for low-emission
vehicles when operating on such alternative fuel or
the emission standards of zero emission vehicles as
defined under the rules of regulations of the Board of
Natural Resources. The amount of the credit is the lesser
of 10 percent of the cost of conversion or $2,500.00. A
certification issued by the Environmental Protection
Division of the Department of Natural Resources
must be provided with the return to claim the credit.
Any credit claimed but not used may be carried
forward for three years from the year of conversion.
For more information refer to O.C.G.A. §48-7-40.16.

Georgia Tax Court and Pending Tax Tribunal Cases:
Starting July 1, 2026, the Georgia Tax Court will officially
succeed the Tax Tribunal and begin accepting tax
appeal petitions. Also, any cases pending before
the Tax Tribunal as of June 30, 2026, are transferred
to the Georgia Tax Court. Any petitioner with a case
pending before the Tax Tribunal has until December
31, 2025, to submit a written demand to not transfer
their case to the Georgia Tax Court. On June 30, 2026,
any unresolved cases that were requested not to be
transferred to the Georgia Tax Court are dismissed.

Qualified Rural Hospital Organization Expense
Tax Credit (Credit Code 136): This credit has been
extended through December 31, 2029. From January
1 through June 30, the individual credit limit is now set
at $25,000 for members of limited liability companies,
Subchapter “S” corporation shareholders, and partners
in partnerships. Additionally, the annual aggregate
cap has been raised to $100 million. Taxpayers who
receive preapproval on or before September 30 must

Tax Credit Updates
New 2025 Credit Codes: For taxable years beginning
on or after January 1, 2025, the credit codes listed
listed below must be used to generate credits that
include the new credit carryforward periods. All other
credits will continue to use the same credit codes.
For additional information on each credit, please see

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2025 IT-611S Instructions Booklet

make their contributions within 180 days of
preapproval, but not later than October 31. Those
who are preapproved after September 30 must
make their contributions by December 31. If a
taxpayer submits a credit preapproval request for
an amount that exceeds the yearly contribution
cap for their chosen rural hospital organization, the
request will not be denied. Instead, the requested
amount will be awarded to the chosen rural hospital
organization up to its yearly contribution cap, and
the remaining amount will be held in reserve to the
next available rural hospital organization with the

allowed only for the portion of income on which tax
was actually paid by the corporation to Georgia or to
another state(s).

Corporate Partners of Partnerships:
A corporation will be considered to own property
in Georgia, do business in Georgia, or have income
from Georgia sources whenever the corporation is a
partner, whether limited or general, in a partnership
which owns property or does business in Georgia, or
has income from Georgia sources.

When and Where to File:

yearly contribution cap. For more information, refer
to O.C.G.A. §48-7-29.20 and Regulation 560-7-8-.57. The return is due on or before the 15th day of the
3rd month following the close of the taxable year.
Credit Carryforward Years Reduced for Several
Credits: The number of carryforward years for
basis. If the due date falls on a weekend or holiday,
several 2025 income tax credits have been reduced.
the return shall be due on the next day that is not a
In addition, installment periods for certain credits
weekend or a holiday. Returns should be mailed to
have been reduced. For more information on income
Georgia Department of Revenue, Processing Center,
tax credits and their carryforward periods, please
P.O. Box 740391, Atlanta, Georgia 30374-0391.
see https://dor.georgia.gov/taxes/tax-credits.

When is Electronic Filing Required?

Filing Requirements.

electronically if:

All corporations that own property or do business in
Georgia, or derive income from Georgia sources are

1. Payments are remitted by electronic funds transfer,
whether on a mandatory or voluntary basis;
2. The Federal counterpart of such return is required

a single consent in the year in which the Subchapter

Revenue Code of 1986 or Internal Revenue Service
regulations; or

income tax return. For a Subchapter “S” corporation
in existence prior to January 1, 2008, the consent

3. The return generates, allocates, claims, utilizes, or
includes in any manner a series 100 tax credit.

Claims for Refunds:

or after January 1, 2008. A consent agreement will

A claim for refund of tax paid must be made within
three years from the later date of either the payment
of the tax or the due date of the income tax return
(including extensions which have been granted).

additional nonresident who becomes a shareholder
of the Subchapter “S” corporation in that year.

iof”

Georgia resident shareholders of Subchapter “S”
Corporations may make an adjustment to Federal
adjusted gross income for Subchapter “S” income
where the Subchapter “S” election is not recognized for
Georgia purposes or by another state. The adjustment
is allowed in order to avoid double taxation on this
type of income. Therefore, this adjustment will be

Late Payments Penalty:

8

A taxpayer having an extension must prepay the
Georgia tax due using Form IT-560C. Credit for this
prepayment should be claimed on Form 600S,

2025 IT-611S Instructions Booklet

Schedule 4, Line 2. If tax is not paid by the statutory
due date of the return, a late payment penalty of 1/2
of 1% per month (up to 25%) will accrue until the tax is
paid. This penalty will accrue from the statutory due
date regardless of any extension for filing the return.
Late payment penalty is not due if the return is being
amended due to an IRS audit; check the “Amended
due to IRS Audit” box on page 1 of Form 600S.

the same as on the Federal return. A complete copy
of the Federal return and all supporting schedules
must be attached to the Georgia return.
If a Federal audit results in a change in taxable
income, the taxpayer shall file a return reflecting the
changed or corrected net income within 180 days of
final determination (file an amended Form 600S).
Further, if the changes result in a refund, the refund must
be claimed within one year of the date the changes
are submitted. Please check the “Amended due to IRS
Audit” box on page 1 of Form 600S. The return should be
mailed to: Processing Center, Georgia Department of
Revenue, P.O. Box 740391, Atlanta, Georgia 30374-0391.

Extension Information for
Corporations:
O.C.G.A. § 48-7-57 provides that a taxpayer need not
apply for a Georgia extension if the taxpayer applies
for and receives an automatic six (6) month extension
to file the Federal income tax return. If the return is
received within the time extended by the Internal
Revenue Service plus one additional month, no late
filing penalties will be incurred. Georgia law prohibits
granting an extension for more than seven months
from the due date of the return.

Federal Schedule L Requirement:
Schedule L must be completed on the Georgia copy
of the Federal return even if it is not required for
Federal purposes.

Qualified Subchapter S Subsidiary (QSSS):

If you do not need a Federal extension, use Form IT303 to request a Georgia extension.

For income tax purposes, Georgia follows the Federal
treatment for a Qualified Subchapter S Subsidiary
(QSSS). However, the QSSS and its parent must file
separate net worth tax returns. If the parent is not
registered with the Secretary of State, and does not
do business or own property in Georgia (other than
through the QSSS), they would not be required to file
a net worth tax return. If this is the case, please check
the “QSSS Exempt” box on page 1 of the Form 600S.

If an extension was granted but the tax was not paid
by the statutory due date, late payment penalties will
be assessed until the tax is paid (income tax at 1/2 of
1% per month up to 25% of the tax due; net worth tax
at 10%). Also, interest will be assessed as specified on
page 6 from the statutory due date until the tax is paid
in full. Late payment penalties and interest accrue
from the statutory due date regardless of an extension.
A taxpayer having an extension must also prepay
the Georgia Tax. Form IT-560C must be included with
the remittance. Credit for the prepayment should
be claimed on Form 600S, Schedule 4, Line 2. An
extension of time to file does not alter the interest or
penalty charge for late payment of tax.

Qualified Subchapter S Subsidiary
(QSSS) Credit Instructions:
In addition to filing the net worth tax return, the QSSS
should complete Schedule 11 if the QSSS generates
credits or has credits assigned, allocated, or transferred
to it. Also, Schedule 12 should be used to transfer the
credits to the parent S Corporation and Schedule 13
should be completed if applicable. This is necessary
so that the returns can be processed and the credits
flow to the proper taxpayer.

NOTE: Check the “Extension” box on Form 600S if a
Federal or Georgia extension was granted.

Relation to Federal Return
The Georgia return correlates to the Federal return
in most respects (see page 6 for a link to the Federal
Tax Change Section on the website). The accounting
period and method for the Georgia return must be

Public Law 86-272:
Public Law 86-272 provides an exemption from
taxation in the following circumstances. If the

9

employee merely solicits orders for sales of tangible
personal property that are sent outside of Georgia
for approval and are filled and shipped from outside
Georgia (from a state other than Georgia where the
employee’s corporation conducts its business) then
the exemption from taxation may apply. It must
be noted that if an employee goes beyond mere
solicitation, then the exemption does not apply.
Additionally, the Public Law 86-272 exemption does
not apply to the net worth tax, so a Form 600 or 600S
must be filed with Georgia and the net worth tax must
be paid if due. Even when the exemption applies,
we recommend that the corporation complete all
schedules on the Georgia return relating to income
tax except Schedule 1 and attach a copy of its
Federal income tax return. Attach a statement that
indicates the Corporation’s belief that it falls under
the protection of Public Law 86-272. Additionally, S
Corporations should check the box on page 1 of the
form.

Adjustments to Federal Income of
Shareholders
To determine total income for Georgia purposes, certain additions and subtractions as provided by Georgia law are included in the Schedule 6 computation.
Lines 8 and 10 of Schedule 6 provide for modifications
required by Georgia law. The total of the additions
to Georgia income should be indicated on Schedule
6 and listed on Schedule 7. Total subtractions from
Federal income should be indicated on Schedule 6
and listed on Schedule 8. The more commonly used
items are listed in each of these schedules.
A corporation must add back all intangible expense
and related interest expense directly or indirectly
paid to a related member. All such expenses must
be listed as an addition to federal income even if the
taxpayer qualifies for an exception. If the taxpayer
qualifies for a full or partial exception, Form IT-Addback must be completed in order to take a subtraction on Schedule 8 for all or any portion of the addition listed on Schedule 7.

A corporation must add back all captive REIT expenses
directly or indirectly paid to a related member. All
such expenses must be listed as an addition to fed-

eral income even if the taxpayer qualifies for an exception. If a taxpayer qualifies for a full or partial exception, Form IT-REIT must be completed.
A taxpayer must addback payments of more than
$600 in a taxable year made to employees who are
not authorized employees and who are not excepted by O.C.G.A.§ 48-7-21.1. An authorized employee is
someone legally allowed to work in the United States.
Additionally, adjustments due to Federal tax changes should be reported as stated on the Department’s
website (see page 5).
U.S. obligation income subtracted must be reduced
by direct and indirect interest expense. To arrive at
such reduction, the total interest expense is multiplied by a fraction, the numerator of which is the
taxpayer’s average adjusted basis of the U.S. obligations, and the denominator of which is the average
adjusted basis of all assets of the taxpayer. Also see
Georgia Regulation 560-7-3-.10.
Any deductions subject to further limitations such
as a Section 179 deduction, charitable contributions,
etc., are not deductible in the calculation of total
income for Georgia purposes. These items may be
deductible by the individual shareholder on his or
her individual tax return.
Taxpayers who are parties to state contracts may
subtract from Federal taxable income or Federal adjusted gross income 10% of qualified payments to
classified subcontractors or $100,000, whichever is
less, per taxable year. The Commissioner of the Department of Administrative Services maintains a list
of certified classified subcontractors for the Revenue
Department and general public. To register as a classified subcontractor or to view the list, visit https://
doas.ga.gov/state-purchasing/georgia-business-certification-program.
A corporation may subtract federally taxable interest
received on Georgia municipal bonds designated

as “Build America Bonds” under Section 54AA of
the Internal Revenue Code of 1986. ‘Recovery Zone
Economic Development Bonds” under Section 1400U2 of the Internal Revenue Code or any other bond
treated as a “Qualified Bond” under Section 6431(f)
of the Internal Revenue Code are considered “Build

10

America Bonds” for this purpose.
A corporation may subtract federally taxable interest
received on Georgia municipal bonds issued by the
State of Georgia and certain authorities or agencies
of the State of Georgia for which there is a special
exemption under Georgia law from Georgia tax on
such interest.
Georgia follows the provisions of I.R.C. Section 163(j)
as they existed before the 2017 Tax Cuts and Jobs Act.
Georgia does not follow I.R.C. 174 under the tax cuts
and jobs act. See Georgia Code Section 48-7-21 for
additional adjustments.

Instructions for Nonresident
Shareholders
Nonresident shareholders of corporations doing business both within and outside Georgia shall
compute their portion of the corporation’s allocated and apportioned income from the schedules on
Form 600S. The Georgia net income of nonresidents
computed on Schedule 5, Line 7 should be multiplied
by the percentage of stock owned. The result of this
calculation yields the beginning taxable income for
the nonresident which should be reported on the
Georgia individual tax return. This beginning taxable
income should be adjusted for the separately stated items mentioned in the “Federal Tax Changes”
section on the Department’s website and the “Adjustments to Federal Income of Shareholders” section on page 4. Under Sections 48-7-21 and 48-727 of the Georgia Code thereunder, all nonresident
shareholders must execute an agreement on Form
600S-CA wherein the shareholders agree to pay
Georgia income tax on their portion of the corporation’s Georgia taxable income or the S Corporation
election will be terminated by the Commissioner
(see page 3 for more information).
SPECIAL NOTE: Any S Corporation with nonresident
members shall be subject to withholding tax

unless a composite return, Form IT-CR, is filed, the
S Corporation makes an irrevocable election to
pay income tax at the entity level or the aggregate
annual member’s share of the taxable income
sourced to Georgia is less than $1,000.00. However,
if the shareholder has a properly executed 600S-

CA, withholding is not due provided the shareholder
reports the income and pays the tax. Permission to
file a composite return is not required. To ensure
Georgia’s recognition of your S Corporation election,
attach a properly completed Form 600S-CA for each
nonresident shareholder to Form 600S when it is filed,
even if a composite return has been filed. Please
see Page 3 for details as to when and how often the
600S-CA is required. If applicable, please check the
“Composite Return Filed” box on Form 600S, Page 1.

Amended Returns
Georgia has no separate form for filing an amended
return. To amend a return, check the amended
return box on Form 600S. A copy of the Federal Form
1120S or federal audit adjustments must be attached.
The amended return should be mailed to Georgia
Department of Revenue, Processing Center, P. O.
Box 740391, Atlanta, Georgia 30374-0391. Amended
returns are required to be sent electronically if the
original return was filed electronically.
Georgia House Bill 849 was enacted in 2017. This
bill modifies Code Section 48-7-53 and provides
for Georgia S Corporation audit adjustments
and related appeals effective for taxable years
beginning on or after January 1, 2017 and earlier if
the Department and the S Corporation agree. For a
Georgia S Corporation audit, an S corporation may
elect to pay the tax due on behalf of its shareholders
by checking the box on page 1 of Form 600S.
This election can be made on an original or amended
return filed before the audit starts or at the time of the
audit. If the election is made, the S Corporation will
not file an amended return, instead the Department
will issue a notice to the S Corporation to facilitate the
collection of the tax. If the election is not made, the S
Corporation and its shareholders must file amended
returns.

With a federal S Corporation adjustment, the S
Corporation is required to file an amended Georgia
return (please check the “Amended due to IRS Audit”
box on page 1 of Form 600S).

11

General Information: Income Tax

Computing Georgia Taxable Income:
SCHEDULE 1

If an S Corporation is required to pay tax at the
federal level, it may be required to pay tax at the state
level. This income would be apportioned to Georgia
by multistate S Corporations. Include statement
regarding new Passive Loss/Capital loss deductions.

Deferred Compensation:
A nonresident, who receives deferred compensation
or income from the exercise of stock options that
were earned in Georgia in a prior year is required
to pay tax on the income, but only if the prior year’s
income exceeds the lesser of: 1) 5 percent of the
income received by the person in all places during
the current taxable year; or 2) $5,000. However, the
income is not taxed if federal law prohibits the state
from taxing it. Federal law prohibits state taxation of
some types of retirement income including pensions
as well as income received from nonqualified
deferred compensation plans if the income is paid
out over the life expectancy of the person or at least
10 years. An employer is required to withhold Georgia
income tax on any amounts that are required to be
included in the nonresident’s income. See Regulation
560-7-4-.05 for more information.

Allocation and Apportionment of
Income
SCHEDULES 5,6 AND 9
If any corporation, domestic or foreign, does business
or owns property both within and outside Georgia,
the Georgia ratio as computed on Schedule 9 should
be used to compute Georgia taxable income for
nonresidents. Schedule 6 reflects flow-through
income from the federal return, which is taxable to
the individual shareholders.
A resident shareholder is required to report their full
share of corporate income or loss. A nonresident
shareholder, however, is required to report only
their share of allocated and apportioned income as

computed on Schedule 5. Please also see the Federal
Tax Changes section on the Department’s website
for separately stated shareholder adjustments (see
page 3 for the link).
General instructions for computing the apportionment
ratio and apportioned and allocated income are
listed below. If the business income of the corporation
is derived from Georgia sources, from property owned
or business done within the State, and derived in part
from property owned or business done outside the
State, the tax is imposed only on that portion of the
business income which is reasonably attributable to
Georgia sources and property owned and business
done within the State, to be determined as follows:
(1) Interest received on bonds held for investment
and income received from other intangible property
held for investment are not subject to apportionment.
Rentals received from real estate held purely for
investment purposes and not used in the operation
of the business are also not subject to apportionment
All expenses connected with the interest and rentals
from such investments are likewise not subject to
apportionment but must be applied against the
investment income. The net investment income from
intangible property shall be allocated to Georgia if the
situs of the corporation is in Georgia or the intangible
property was acquired as income from property held
in Georgia, or as a result of business done in Georgia.
The net investment income from tangible property in
Georgia shall be allocated to Georgia.
(2) Gain from the sale of tangible or intangible
property not held, owned, or used in connection with
the trade or business of the corporation nor for sale
in the regular course of business, shall be allocated
to the State if the property held is real or tangible
personal property situated in the State, or intangible
property having an actual situs or a business situs
within the State. Otherwise, such gain shall be
allocated without the State.
(3) Net income of the above classes has been
separately allocated and deducted; the remainder
of the net business income shall be apportioned by
application of the following:

12

One Factor Formula
(a) Gross Receipts Factor: The gross receipts factor
is the ratio of gross receipts from business done
within this State to total gross receipts from business
done everywhere. When receipts are derived from
the sale of tangible personal property, receipts shall
be deemed to have been derived from business
done in this State if they were received from products
shipped or delivered to customers within this State.
When receipts are derived from business other than
the sale of tangible personal property, receipts shall
be deemed to have been derived from business done
in this State if they were received from customers
within this State, or if they are otherwise attributable
to this State’s marketplace.
• For tax years beginning on or after January 1, 2008,
the Georgia apportionment ratio shall be computed
by applying only the gross receipts factor. See Georgia Comp. Rules and Regulations 560-7-7- .03 for
specific details.
• For tax years beginning on or after January 1, 2006,
a company whose net income is derived from
the manufacture, production, or sale of tangible
personal property and from business other than the
manufacture, production, or sale of tangible personal property must include gross receipts from both
activities in its receipts factor.
• For tax years beginning on or after January 1, 2006,
a company whose net income is derived from business other than the manufacture, production, or sale
of tangible personal property only includes in its receipts factor gross receipts from activities which
constitute the company’s regular trade or business.
(b) Apportionment of Income: Business Joint
Ventures and Business Partnerships. A corporation
or partnership that is involved in a business joint
venture, or is a partner in a business partnership,
must include its pro rata share of the joint venture’s
or partnership’s gross receipts values in its own
apportionment formula.

this booklet includes information regarding which
credits can be sold.

Net Operating Losses
Corporations doing business both within and outside
Georgia that incur a loss shall compute the net
operating loss carryover deduction by allocating
to Georgia only the amount of the loss attributable
to operations within Georgia. A net operating loss
sustained for the current taxable year must be
carried back (if applicable) and carried forward in
the procedural sequence of taxable periods provided
by Section 172 of the Internal Revenue Code of 1986,
as defined in the income tax laws of Georgia. Georgia
did not adopt the revised net operating loss provisions
in the 2020 CARES Act. Therefore, for losses incurred in
taxable years ending after December 31, 2017, there
is no carryback and unlimited carryforward of net
operating losses and there is a 2 year carryback
for farming losses and there is a 2 year carryback
and 20 year carryforward for certain insurance
company net operating losses. See Form IT-552 for
more information. Also, for tax years beginning on
or after January 1, 2005, Georgia law was changed
to specifically provide that Georgia follows I.R.C.
Sections 108, 381, 382, and 384.
Net operating losses (NOLs) for tax years 2018 and
later (except those for certain insurance companies)
that are applied to Georgia income cannot exceed
80% of Georgia income before NOLs. Use Schedule
9 to compute the net operating losses that can be
used in the current year.
If you claim a net operating loss deduction, you must
file a complete statement detailing the sources for
such deduction. (Attach Form IT-552 and Form 600,
Schedule 9.)

Credit Usage and Carryover (Schedule 11): Enter the
information as specified on each line of Schedule 11.
With respect to Line 10, the “Tax Credits”” summary in

13

GEORGIA NOL CARRY FORWARD WORKSHEET EXAMPLE
A
Loss Year
						
2022
2023

B
Loss Amount

C
Income Year

D
NOL Utilized	

E
Balance	

F
Remaining NOL	

$ 	

$ 3,070,789

$ 	

$ 1,090,260

M
A
X
E

E
L
P

$ 4,161,049

1. NOL Carry Forward Available to Current Year
2. Current Year Income / (Loss) (Schedule 1, Line 5 or Schedule 7, Line 7)

$ 2,565,184

3. NOL from Taxable Years Beginning before 1/1/2018 Applied to Current Year
4. NOL from Taxable Years Beginning on or after 1/1/2018 Applied to Current Year (Cannot
exceed 80% of Line 2; see instructions for more information)

$ 2,052,147

5. Total NOL applied (Add Lines 3 and 4, Enter on Schedule 1, Line 6 or Schedule 7, Line 8*)
6. NOL Carry Forward Available to Next Year (Line 1 less Line 5 plus any loss amount on Line 2

INSTRUCTIONS

$ 2,052,147
$ 2,108,902

*Cannot Exceed the Current Year Income Reported on Line 2.
Column A: List the loss year(s).
Column B: List the loss amount for the tax year listed in Column A.
Columns C & D: List the years in which the losses were utilized and the amount utilized each year.
Column E: List the balance of the NOL after each year has been applied. (Column B less Column D).
Column F: List the remaining NOL applicable to each loss year.
Total the remaining NOL (Col. F) and enter in the space at the bottom of the worksheet for “NOL Carry forward Available to Current Year”.
Then insert “Current Year Income / (Loss)” in the space provided and compute the remainder of the schedule. Create photocopies as needed.

14

General Information: Net Worth Tax
Initial Filing and Due Dates:
A new domestic or foreign corporation doing business
or owning property in Georgia must file an initial
net worth tax return on or before the fifteenth day
of the third calendar month after incorporation or
qualification. The initial net worth tax return is based
on the beginning net worth (Federal Schedule L) of
the corporation and covers the tax period from the
incorporation/qualification date to the end of the
year. If this return is for a short period of less than
six months, the tax due is 50%. The initial net worth
return cannot be combined with the initial income
tax return because the due dates do not coincide.
Thereafter, an annual return must be filed on or
before the fifteenth day of the third month following
the beginning of the corporation’s taxable period.

Computation of Net Worth Tax:
The tax is graduated based on net worth (see page
14 for the table). In the case of new corporations, this
is the beginning net worth. Thereafter, it is the net
worth on the first day of the corporation’s net worth
taxable year. Net worth is defined to include issued
capital stock, paid in surplus and retained earnings.
Treasury stock should not be deducted from issued
capital stock. Foreign corporations qualified to
conduct business in Georgia are taxed based upon
the portion of net worth employed within Georgia as
computed on Schedule 3, using the ratio computed on
Schedule 2. To compute the ratio, the property factors
will reflect total balance sheet assets within Georgia
and everywhere. This includes all intangible assets
reflected on the Federal return such as accounts
receivable. Gross receipts factors are determined per
instructions on page 10. For net worth tax purposes,
a foreign corporation is a corporation or association
created or organized under the statutory laws of any
nation or state other than Georgia.
Domestic corporations and domesticated foreign
corporations are taxed based upon total net
worth (100% ratio) and should not use the ratio
computation in Schedule 2.

For net worth tax purposes, a domestic corporation
is a corporation or association created or organized
under the statutory laws of Georgia. A domesticated
foreign corporation is a foreign corporation which
has agreed under the provisions of Georgia law to be
treated as a domestic corporation and to be taxed
based upon total net worth.
A dormant corporation must file a net worth tax
return and pay the tax, if applicable, to retain its
charter. A foreign corporation admitted into Georgia
must file a net worth tax return until it has withdrawn
from Georgia. A corporation with a deficit net worth
must file a return but does not owe the net worth tax.
A corporation that has been liquidated and is filing
its final income tax return is not required to file a
net worth tax return, nor is it entitled to a refund of
previously paid net worth tax.

Treatment of Short Period Net Worth
Tax Return:
All corporations filing a short period Georgia income
tax return for any reason other than filing an initial or
final return shall compute the net worth in accordance
with the following instructions:
The net worth tax shall be computed based upon the
net worth per the ending balance sheet of the short
period return.
The tax is then prorated based on the number of
months included in the short period return.
Note: Any short periods ending on the 1st through the
15th day of the month are backed up to the last day
of the preceding month. Years ending on the 16th
day or later are moved forward to the last day of that
month.
Example: Corporation A files a three-month short
period return ending March 31, 2018. The Georgia
taxable net worth per the March 31, 2018, balance
sheet is $900,000. The Georgia net worth tax is
computed as follows: Tax per scale $500.00 x 3/12 =
$125.00 net worth tax due.

15

General Information: Net Worth Tax
Net Worth Tax Table
DOMESTIC AND DOMESTICATED FOREIGN CORPORATIONS
Based on net worth including issued capital stock, paid-in surplus, and earned surplus (Schedule 3, Line 4).
FOREIGN CORPORATIONS
Based on net worth including issued capital stock, paid-in surplus, and earned surplus employed within
Georgia (Schedule 3, Line 6).

Not exceeding................................................................. 100,000.00 ........................................................................................................................0.00
Over ....................................................................................... 100,000.00 and not exceeding 150,000.00 ............................................125.00
Over ........................................................................................ 150,000.00 and not exceeding 200,000.00 ...........................................150.00
Over ...................................................................................... 200,000.00 and not exceeding 300,000.00 .........................................200.00
Over ...................................................................................... 300,000.00 and not exceeding 500,000.00 .........................................250.00
Over ...................................................................................... 500,000.00 and not exceeding 750,000.00 .........................................300.00
Over ........................................................................................750,000.00 and not exceeding 1,000,000.00 .......................................500.00
Over .....................................................................................1,000,000.00 and not exceeding 2,000,000,00.......................................750.00
Over ....................................................................................2,000,000.00 and not exceeding 4,000,000.00 ..................................1,000.00
Over ....................................................................................4,000,000.00 and not exceeding 6,000,000.00 ...................................1,250.00
Over ....................................................................................6,000,000.00 and not exceeding 8,000,000.00 ..................................1,500.00
Over ....................................................................................8,000,000.00 and not exceeding 10,000,000.00..................................1,750.00
Over ..................................................................................10,000,000.00 and not exceeding 12,000,000.00.................................2,000.00
Over ..................................................................................12,000,000.00 and not exceeding 14,000,000.00.................................2,500.00
Over ..................................................................................14,000,000.00 and not exceeding 16,000,000.00.................................3,000.00
Over ..................................................................................16,000,000.00 and not exceeding 18,000,000.00.................................3,500.00
Over ..................................................................................18,000,000.00 and not exceeding 20,000,000.00................................4,000.00
Over .................................................................................20,000,000.00 and not exceeding 22,000,000.00................................4,500.00
Over .................................................................................22,000,000.00...............................................................................................................5,000.00

16

2025 IT-611S Instructions Booklet

Refund, Tax Due, Penalties and Interest
Net Tax Due or Overpayment:
Schedule 4 provides for the computation of net tax
due or the net overpayment of the two taxes. Compute
any penalty and interest due for the respective taxes
and enter the amounts on the applicable lines.
QUALIFIED SUBCHAPTER S SUBSIDIARY (QSSS):
For income tax purposes, Georgia follows the Federal
treatment for a QSSS. However, the QSSS and the
parent must file separate net worth tax returns. If the
parent is not registered with the Secretary of State
and does not do business or own property in Georgia
(other than through the QSSS) they would not be
required to file a net worth tax return. Please check
the “QSSS Exempt” box on page 1 of the 600S if the
parent is not subject to net worth tax.

Direct Deposit Option
DIRECT DEPOSIT- Fast Refunds! Choose Direct Deposit.
A fast, simple, safe, secure way to have your refund
deposited automatically to your checking or savings
account. Check the appropriate box for the type of
account. Do not check more than one box. You must
check the correct box to ensure your direct deposit is
accepted.
The routing number must be nine digits. The first two
digits must be 01 through 12 or 21 through 32. Ask your
financial institution for the correct routing number to
enter if:
• The routing number on a deposit slip is different
from the routing number on your checks.
• The deposit is to a savings account that does not
allow you to write checks or
• Your checks state they are payable through a
financial institution different from the one at which
you have your checking account. The account
number can be up to 17 characters (both numbers
and letters). Include hyphens, but omit spaces and
special symbols. Enter the number from left to right
and leave any unused boxes blank.

Reasons your direct deposit may be rejected – If any
of the following apply, your direct deposit request
may be rejected and a check will be sent:
• Any numbers or letters are crossed out or whited
out.
• You request a deposit of your refund to an account
that is not in your name (such as your tax preparer’s
own account).

Penalties and Interest
The Georgia Code imposes certain penalties as
follows:
• Delinquent filing of a return–5% of the tax not paid
by the original due date for each month or fractional
part thereof up to 25%.
• Failure to pay tax shown on a return by the due
date–1/2 of 1% of the tax due for each month or
fractional part thereof up to 25%. Failure to pay tax
penalty is not due if the return is being amended due
to an IRS audit.
• Negligent underpayment of tax–5% thereof.
• Fraudulent underpayment–50% thereof.
• Underpayment of estimated tax - see IT-611
Instructions Booklet for more information.
NOTE: The combined total of the penalty for delinquent
filing of a return and failure to pay tax shown on a
return cannot exceed 25% of the tax not paid by the
original due date.
Interest that accrues beginning July 1, 2016 accrues
at an annual rate equal to the Federal Reserve prime
rate plus 3 percent. The interest rate will be reviewed
and may be adjusted in January of each subsequent
calendar year. See https://dor.georgia.gov/annualnotice-interest-rate-adjustment for the annual
interest rate.
For more information on Penalties and Interest, see:
https://dor.georgia.gov/penalty-and-interest-rates.

17

Net Worth Penalties and Interest:
Penalty for delinquent filing is 10% of tax due. Penalty
for delinquent payment is 10% of tax due. In additon,
interest as specified on page 11 is due on delinquent
payments from the due date until the liability is paid
in full.

Electronic Payments:
In accordance with O.C.G.A. § 48-2-32(f)(2), corporate estimate taxpayers with quarterly payments
of more than $10,000 must pay via electronic funds
transfer. A penalty of 10% will be added if the payment
is not submitted electronically through GTC.
You may pay corporate income and estimated taxes
using Georgia Tax Center (GTC). This integrated tax
system gives corporate taxpayers the ability to pay
the tax via a secure internet connection.
Please visit the GTC website at https://gtc.dor.ga.gov
for more information.

Payment Options:
GTC accepts corporate income and estimated tax
payments. For information about GTC payment
options, visit our website at gtc.dor.ga.gov or visit
our self-service instructional videos at dor.georgia.
gov/georgia-tax-center-help.
The Georgia Department of Revenue accepts Visa,
American Express, MasterCard, Discover, PayPal,
or electronic check as payment for current year
corporate income tax due on original Form 600
as well as for liabilities presented to taxpayers
via Georgia Department of Revenue assessment
notices. Payments can be made on GTC. There is a
convenience fee for this service that is paid directly
to the credit card processing company.
For more information on payments, visit our website
at:
https://dor.georgia.gov/taxes/how-do-i-make
tax-payment or contact the Taxpayer Services
Customer Contact Center at 1-877-423-6711.

Additional Information
Annual Registration with The
Secretary of State of Georgia
All Georgia corporations and foreign corporations
that “qualify” to do business in Georgia must file
an annual registration with the Secretary of State.
Registration, including the fee, is due between
January 1 and April 1. The Secretary of State will send
a notice to the corporation’s principal office address
in early January.
Foreign corporations (those formed in a state other
than Georgia) should determine the need to obtain
a Certificate of Authority by reviewing O.C.G.A. § 142-1501. The statute can be read and an application
obtained at sos.ga.gov. Annual registration and
certificate of authority obligations are separate from
any filings with the Department of Revenue.

Payment Agreement
You must meet the following criteria for a payment
agreement:
• Returns for all years must be filed
• Agreements are up to 60 months
• Payments should be made through automatic
debit from your bank account
Note: There is a set up cost associated with
initiating a payment agreement.
Payment requests may be submitted online via
the Georgia Tax Center (GTC) at gtc.dor.ga.gov.
Please contact your local regional office at 404-4176605 or via e-mail to [email protected]
to determine eligibility. For more information on
Payment Agreements, visit our website at https://
dor.georgia.gov/installment-agreements-faq.

18

Corporation Estimated Income Tax Instructions
CORPORATIONS THAT MUST FILE ESTIMATED TAX
Effective January 1, 2025, the tax rate is 5.19%

Every domestic or foreign corporation subject to taxation in Georgia shall pay estimated tax for the taxable
year if its net income for such taxable year can reasonably be expected to exceed Twenty-Five Thousand Dollars ($25,000.00).
All corporate income tax must be paid directly to the Georgia Department of Revenue. The estimated tax shall
be paid on the specified dates so as to effect payment in full of the estimated tax by the 15th day of the twelfth
month of the taxable year.
If the requirements to file estimated tax under Code Section 48-7-117 are first met as shown in the left-hand
column of the following table, then the estimated tax shall be due as shown in the remaining columns.
Failure to comply with the provisions of the law may result in a penalty of 5% of the income tax for failure to pay
estimated tax and a charge at a rate of 9% per annum for underpayment of estimated tax. Compute the 9%
penalty on Form 600 UET and check the “UET Annualization Exception attached” box if an exception applies and
attach the 600 UET to the return. Enter penalty from 600 UET on Schedule 4 Line 8 of Form 600S.
The following percentages of estimated tax
shall be paid on or before the fifteenth day of
the:
Before the first day of the fourth month of the
taxable year.

4th MONTH

6th MONTH

9th MONTH

12th MONTH

TAXABLE
YEAR

TAXABLE
YEAR

TAXABLE
YEAR

TAXABLE
YEAR

25%

25%

25%

25%

33 1/3%

33 1/3%

33 1/3%

50%

50%

OF THE

After the last day of the third month and before
the first day of the sixth month of the taxable
year.
After the last day of the fifth month and before
the first day of the ninth month of the taxable
year.
After the last day of the eighth month and
before the first day of the twelfth month of the
taxable year.

OF THE

OF THE

OF THE

100%

New Estimated Tax Filers
If you determine that you are required to file estimated tax, mail your initial payment along with Form 602ES.
The estimated tax worksheet is on the Form 602ES. Include your corporate name, address, telephone number,
Federal Employer Identification Number, and the taxable year. For more information, contact the Department
at 1-877-423-6711.
Form 602ES should be mailed to State of Georgia, Department of Revenue, P.O. Box 105136, Atlanta, Georgia
30348-5136. Check or money order for payment of tax should be made payable to Georgia Department of
Revenue. Include your Federal Employer Identification Number on your check or money order.

19

Tax Credits
Note:
in any manner a Series 100 credit.
QSSS should complete Schedule 11 if the QSSS generates credits or has credits assigned, allocated, or transferred to it. Also, Schedule 12 should be used to transfer the credit to the parent S Corporation and Schedule
13 should be completed if applicable. This is necessary so that the returns can be processed and the credits
Disregarded Single Member LLC Credit Instructions. If the taxpayer owns or is owned by a disregarded single

proper taxpayer.
Credit Usage And Carryover (Schedules 11 and 11B). Credits that are eligible to be sold only include series
100 tax credits that are eligible to be directly transferred or sold pursuant to the applicable statute and that
have not been previously passed through and made available to the partners of the partnership or tiered
partnership. These credits may be entered on Schedule 3, Line 3. Series 100 tax credits are any tax credit
designated by the Department with a tax credit code from 100 through 199. Enter the information as
https://dor.georgia.gov/taxes/tax-credits for information on which credits can be sold.
Code

Name of Credit

102 - Employer’s Credit for Approved Employee Retraining
103 - Employer’s Jobs Tax Credit

104 - Employer’s Credit for Purchasing Child Care Property

105 - Employer’s Credit for Providing or Sponsoring Childcare for Employees
106 - Manufacturer’s Investment Tax Credit
107 - Optional Investment Tax Credit
109 - Low Income Housing Credit

1 1 1 - Business Enterprise Vehicle Credit
1 1 2 - Research Tax Credit

1 1 3 - Headquarters Tax Credit
114 - Port Activity Tax Credit
115 - Bank Tax Credit

118 - New Facilities Tax Credit

119 - Electric Vehicle Charger Credit

120 - New Manufacturing Facilities Property Credit

121 - Historic Rehabilitation Credit for Historic Homes
122 - Film Tax Credit (Use code 133 if the credit is for a
124 - Land Conservation Credit

20

2025 IT-611S Instructions Booklet

125 - Qualified Education Expense Credit
126 - Seed-Capital Fund Credit
128 - Wood Residual Credit

129 - Qualified Health Insurance Expense Credit
130 - Quality Jobs Tax Credit

131 - Alternate Port Activity Tax Credit
132 - Qualified Investor Tax Credit

133 - Film Tax Credit for a Qualified Interactive Entertainment Production Company

135 - Historic Rehabilitation Tax Credit for any Other Certified Structures (not a historic home)
136 - Qualified Rural Hospital Organization Expense Tax Credit
138 - Postproduction Film Tax Credit

139 - Small Production Film Tax Credit

140 - Qualified Education Donation Tax Credit
141 - Musical Tax Credit

142 - Rural Zone Tax Credits

143 - Agribusiness and Rural Jobs Tax Credit

144 - Post-Consumer Waste Materials Tax Credit
145 - Timber Tax Credit

146 - Railroad Track Maintenance Tax Credit

147 - Personal Protective Equipment Manufacturer Jobs Tax Credit
148 - Life Sciences Manufacturing Job Tax Credit

149 - Historic Rehabilitation Tax Credit for Historic Homes and Other Structures Earning $300K or less
150 - Qualified Law Enforcement Donation Tax Credit
151 - Qualified Foster Child Donation Tax Credit

152 - Historic Rehabilitation Credit for Historic Homes

153 - Historic Rehabilitation Credit for Other Certified Structures
155 - Timber Tax Credit 2025

156 - Converted Vehicle Tax Credit

157 - Employer’s Jobs Tax Credit 2025

158 - Port Activity Job Tax Credit 2025

159 - Port Activity Manufacturing Investment Tax Credit 2025
160 - Life Sciences Manufacturing Job Tax Credit 2025
161 - Rural Zone Tax Credit 2025

21

Example of how to fill out a Tax Credit Schedule for
Credits that do not require Pre-approval
If receiving the same credit type from multiple entities, you must complete one tax credit schedule for each
credit code. For the credit generated this tax year, list the Company Name and ID number if applicable. If the
credit originated with this taxpayer, enter this taxpayer’s name and ID#. Only enter a certificate number if the
Department has provided a letter with your unique certificate number because the credit is preapproved.
Purchased credits and credits received from an allocation or assignment should also be included on this
schedule. If a credit is purchased from a previous year the credit should be claimed as previous year credit.
1. Credit Code
2. Company Name

103
TAXPAYER’S NAME	

ID Number	12-3456789
45000

XYZ LLC	

Credit Generated
this Tax Year
ID Number	67-0009876

3000

ABC COMPANY	

Credit Generated	
this Tax Year
ID Number	57-2233445
Credit Generated	
this Tax Year
ID Number

3000

Credit Certificate #		
3. Company Name
Credit Certificate #		
4. Company Name
Credit Certificate #		
5. Company Name
Credit Certificate #		

Credit Generated
this Tax Year
ID Number

6. Company Name
Credit Certificate #		

Credit Generated
this Tax Year
ID Number

7. Company Name
Credit Certificate #		

Credit Generated
this Tax Year

8. Total available credit for this tax year (Sum of Lines 2 through 7)
9. Enter the amount assigned to affiliated entities (See Schedule 13)
10. Enter the amount of the credit sold (only certain credits can be sold; see instructions)
11. Credit used for this tax year (Only when income tax is paid by the S Corporation)
(enter on Schedule 4, Line 3)
12. Total allocated to owners on Schedule 12
13. Credit used on Form IT-CR
14. Credits eligible to be sold that were not sold or allocated to owners from previous years
(do not include amounts elected to be applied to withholding)
15. Potential carryover to next year (Line 8 less Lines 9, 10, 11, 12, 13 plus Line 14)

22

8.
9.
10.
11.

51000

12.
13.
14.

51000

15.

0

Example of how to fill out a Tax Credit Schedule for
Credits that require Pre-approval
If receiving the same credit type from multiple entities, you must complete one tax credit schedule for each
credit code. For the credit generated this tax year, list the Company Name and ID number if applicable. If the
credit originated with this taxpayer, enter this taxpayer’s name and ID#. Only enter a certificate number if the
Department has provided a letter with your unique certificate number because the credit is preapproved.
Purchased credits and credits received from an allocation or assignment should also be included on this
schedule. If a credit is purchased from a previous year the credit should be claimed as previous year credit.
1. Credit Code

125

2. Company Name

TAXPAYER’S NAME	

ID Number	12-3456789

Credit Certificate #	

0112233445	

Credit Generated
this Tax Year
ID Number	

3. Company Name
Credit Certificate #		

10000

Credit Generated	
this Tax Year
ID Number	

4. Company Name
Credit Certificate #		

Credit Generated	
this Tax Year
ID Number

5. Company Name
Credit Certificate #		

Credit Generated
this Tax Year
ID Number

6. Company Name
Credit Certificate #		

Credit Generated
this Tax Year
ID Number

7. Company Name
Credit Certificate #		

Credit Generated
this Tax Year

8. Total available credit for this tax year (Sum of Lines 2 through 7)
9. Enter the amount assigned to affiliated entities (See Schedule 13)
10. Enter the amount of the credit sold (only certain credits can be sold; see instructions)
11. Credit used for this tax year (Only when income tax is paid by the S Corporation)
(enter on Schedule 4, Line 3)
12. Total allocated to owners on Schedule 12
13. Credit used on Form IT-CR
14. Credits eligible to be sold that were not sold or allocated to owners from previous years
(do not include amounts elected to be applied to withholding)
15. Potential carryover to next year (Line 8 less Lines 9, 10, 11, 12, 13 plus Line 14)

23

8.
9.
10.
11.

10000

12.
13.
14.
15.

10000

Mailing Information
Mailing Address
Form 600S:
PROCESSING CENTER
GEORGIA DEPARTMENT OF REVENUE
PO BOX 740391
ATLANTA, GA 30374-0391
Note: Sending your return by certified mail delays the processing of your return and refund.

Two-Dimensional (2D) Barcode Returns

The two-dimensional (2D) barcode that appears on your return is the encoded information you entered on
your return. This barcode reduces errors and saves time in processing the return. The 2D barcode is only
visible after your return has been printed.
The Department of Revenue has given approval to certain software companies to produce tax programs
that include a two-dimensional (2D) barcode. A list of these companies is available on our website at
https://dor.georgia.gov/approved-software-providers.
Note: The Department of Revenue encourages the use of 2D barcode returns; however, we neither
support nor recommend any software company. Failure to mail your return to the correct address may
cause processing delays.

PV-CORP Payment Voucher
If you owe taxes, mail your return and payment with Form PV-CORP to the address on the ret