Georgia Form 600s - Corporation Tax Return Page 3
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600S/2011
Georgia Form
(Corporation) Name
FEIN
COMPUTATION OF GEORGIA NET INCOME
(ROUND TO NEAREST DOLLAR)
SCHEDULE 9
1. Total Income for Georgia purposes (Line 11, Schedule 8) ...................................................................
1.
2. Income allocated everywhere (Must Attach Schedule) .......................................................................
2.
3. Business Income subject to apportionment (Line 1 less Line 2) .........................................................
3.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3
4. Georgia Ratio (Schedule 7, Column C) ..........................................................
4.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3
5. Net business income apportioned to Georgia (Line 3 x Line 4) ...........................................................
5.
6. Net income allocated to Georgia (Attach Schedule) ............................................................................
6.
7. Total Georgia net income (Add Line 5 and Line 6) ...............................................................................
7.
CLAIMED TAX CREDITS
(ROUND TO NEAREST DOLLAR)
SCHEDULE 10
See pages 11 through 16 for a list of available credits and their applicable codes. You must list the appropriate credit type code in the
space provided. If you claim more than four credits, attach a schedule. Enter the total of the additional schedule on Line 5. If the tax
credit is flowing or being assigned into this corporation from another corporation, please enter the name and FEIN of the corporation
where the tax credit originated. If the credit originated with the corporation filing this return, enter “Same” in the spaces for the
corporation and FEIN.
Credit Type Code
Corporation Name
FEIN
Amount of Credit
1.
1.
SELECT
2.
2.
SELECT
3.
3.
SELECT
4.
4.
SELECT
5. Enter the total from attached schedule(s) ......................................................................................
5.
6. Enter the total of Lines 1 through 5 here and on Schedule 4, Line 3, Page 1 ...............................
6.
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 (including extensions) per O.C.G.A. § 48-7-42 (b).
Credit Type Code
Corporation Name
FEIN
Amount of Credit
SELECT
1.
1.
SELECT
2.
2.
SELECT
3.
3.
SELECT
4.
4.
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