Form It 611s Instructions - S Corporation Income Tax - Georgia Department Of Revenue - 2014 Page 4
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19NEW INFORMATION
2014 Legislation (continued)
•Any out-of-state business that enters Georgia to perform
HB 958 (O.C.G.A. § 48-7-40.26) The income tax portion of
qualified work during a disaster or emergency period shall
this bill (Section 1) amends Code Section 48-7-40.26, the film
provide to the Department and to the Georgia Emergency
tax credit. More specifically, it changes the provisions
Management Agency a statement that it is in this state for
relating to qualified interactive entertainment production
purposes of responding to the disaster or emergency, which
companies. Section 1 of House Bill 958 became effective
statement shall include the business’ name, state of domicile,
upon its approval by the Governor on April 14, 2014 and is
principal business address, federal tax identification number,
applicable to all taxable years beginning on or after January
date of entry, and contact information.
1, 2014.
•A registered business in this state shall provide the information
HB 1000 (O.C.G.A. §§ 48-7-160 through 48-7-170) This bill
required above to the Department and to the Georgia
allows the Administrative Office of the Courts to receive an
Emergency Management Agency for any affiliate that enters
individual taxpayer’s state income tax refund on behalf of
Georgia that is an out-of-state business. The notification shall
certain courts to offset a debt. House Bill 1000 is effective
also include contact information for the registered business in
on January 1, 2015.
this state.
House Bill 782 is effective on July 1, 2014.
SB 391 (O.C.G.A. § 48-7-27) The income tax portion of this
bill (Section 2-1) amends Code Section 48-7-27(a) by adding
HB 791 (O.C.G.A. § 48-7-40.1) This bill amends Code Section
a new paragraph (13.2). The new paragraph provides for a sub-
48-7-40.1, the job tax credit for less developed areas, to pro-
traction ($1,000 per clerkship up to ten clerkships) on Form
vide that any subsequent redrawing or alteration of census
500 for any physician who served as the community based
tracts that results in an area no longer being in a census tract
faculty physician for a medical core clerkship, physician
adjacent to a federal military installation shall not disqualify
assistant core clerkship, or nurse practitioner core
an area which has previously qualified if the area continues to
clerkship. Please see the Form 500 subtraction instructions
have pervasive poverty as described in Code Section 48-7-
for more information. Senate Bill 391 is effective on July 1,
40.1. House Bill 791 became effective upon its approval by
2014 and the income tax portion is applicable to all taxable
the Governor on April 15, 2014.
years beginning on or after January 1, 2014.
HB 918 (O.C.G.A. §§ 48-1-2 and 48-2-32) Section 1 applies
to income tax and is applicable to taxable years beginning on
or after January 1, 2013 (thus it also includes the 2014 tax
year). This section adopts certain provisions of all federal
laws related to the computation of Federal Adjusted Gross
Income (Federal Taxable Income for non-individuals) that were
enacted on or before January 1, 2014. Please see the Fed-
eral Tax Changes Section for more information.
Page 3
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial