Georgia Form 900 - Georgia Financial Institutions Business Occupation Tax Return Page 3
Download a blank fillable Georgia Form 900 - Georgia Financial Institutions Business Occupation Tax Return in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Georgia Form 900 - Georgia Financial Institutions Business Occupation Tax Return with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4Print
Clear
Page 3
FORM 900
STATE OCCUPATION TAX
GENERAL INSTRUCTIONS
INTRODUCTION
COMPUTATION OF GROSS RECEIPTS
The 1983 session of the Georgia General Assembly
As provided under Subsection (b) of Section 48-6-95 of
passed legislation, House Bill 440, which provided for a
the Georgia Public Revenue Code, banks and mutual
revision of the taxation of banks and mutual financial
financial institutions must include the following items in
institutions.
their gross receipts and make applicable adjustments
for the Additions, Exclusions and Deductions listed.
Effective January 1, 1984, banks and mutual financial
institutions are subject to a special state occupation tax,
BANKS:
corporate income tax and net worth tax. The corporate
(A)Interest and fees on loans less any interest collected
income tax and net worth tax must be computed on the
on those portions of loans sold and serviced for others;
corporate tax return, Form 600 or Form 600S, on the
(B) Interest on balances with other depository financial
same basis as other regular corporations. However, a
institutions; (C) Interest on federal or correspondent
special tax credit will be allowed against the corporate
funds sold and securities purchased under agreement
income tax liability.
to resell; (D) Interest on other bonds, notes, and deben-
tures; (E) Dividends on stock; (F) Income from direct
Form 900 is correlative in some respects with the local
lease financing; (G) Income from fiduciary activities; (H)
return, Form PT440, which is filed with the counties
Service charges on deposit accounts; (I)
and cities enacting an ordinance to impose the new
Other service charges, commissions and fees; and (J)
business license tax.
Other income.
FILING REQUIREMENTS
MUTUAL FINANCIAL INSTITUTIONS:
All financial institutions that conduct business or own
(A) Interest on mortgage loans less any interest collected
property in the State of Georgia are required to file a
on those portions of loans sold and serviced for others;
Georgia Financial Institutions Business Occupation Tax
(B) Interest on mortgages, participations, or mortgage-
Return, Form 900.
backed securities; (C) Interest on real estate sold on
contract; (D) Discounts on mortgage loans purchased;
WHEN AND WHERE TO FILE
(E) Interest on other loans; (F) Interest and dividends
The return is due on March 1 of the year following the
on investments and deposits; (G) Loan fees; (H) Loan
calendar year in which gross receipts are computed. In-
servicing fees; (I) Other fees and changes; (J) Gross
terest is due on the unpaid tax shown on the return at
income from real estate owned operations; (K) Net in-
the rate of 1 percent per month from the date the tax is
come from office building operations; (L) Gross income
due until the date the tax is paid.
from real estate held for investment; (M) Net income
from service corporations and subsidiaries; (N) Miscel-
Mail returns to: Georgia Department of Revenue
laneous operating income; (O) Profit on sale of real es-
P.O. Box 740320
tate owned operations, investment securities, loans and
Atlanta, GA 30374-0320
other assets and (P) Miscellaneous nonoperating in-
come.
RELATION TO MUNICIPAL AND/OR COUNTY
BUSINESS LICENSE TAX RETURNS
ADDITIONS:
The Business Occupation Tax Return, Form 900, is used
1. Net income from service corporations and subsid-
in conjunction with filing of the Business License Tax
iaries (applicable to Mutual corporations only).
Return, Form PT440. The amount of adjusted gross re-
2. Profit from sale of assets.
ceipts shown on Line 8, Schedule 1, Form 900, should
Enter above items in Schedule 5, Page 2, Form 900.
be entered on Line A, Schedule 1 or Line A, Schedule 2
EXCLUSIONS:
of Form PT440. Total Business License taxes shown on
Form PT440 must be entered on Line 2, Schedule 4,
1. Interest on U. S. Government and agency obliga-
Form 900, to become available as a tax credit against
tions.
the Georgia corporate income tax liability. A copy of re-
2. Interest on Georgia State, County, Municipality and
turn, Form PT440, must be attached to the Occupa-
other political subdivision obligations.
tion Tax return, Form 900.
3. Gross income derived from operations of a domes-
tic International Banking facility or from transactions
with persons residing outside of the United States.
Enter above items in Schedule 6, Page 2, Form 900.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial