Georgia Corporation Income Tax Booklet

Corporation Income Tax Booklet
2025 IT-611 Corporate Income Tax Booklet
2025

Georgia
Corporate Income Tax
600
Instructions

What’s New?
Online Services

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

Tax Credits
List of Credits and Codes

Follow us on social media:

1

2025 IT-611 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

2

2025 IT-611 Instructions Booklet

Georgia Department of
Revenue

Inside this Booklet

Online Assistance

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

Additional Information......................................................22
Amended Returns.................................................................11
Consolidated Returns.........................................................11
Corporation Estimated Income Tax Instructions...23
Filing Checklist & Common Errors................................28
Filing Requirements.............................................................8
General Information: Income Tax................................13
General Information: Net Worth.................................17
Georgia Tax Center.............................................................4
Introduction.....................................................................6
Mailing Information...........................................................27
Net Worth Tax Table...........................................................19
Refund, Tax Due, Penalties and Interest...................20
Relation to Federal Return.................................................9
Tax Credits.............................................................................24
Taxpayer’s Assistance.......................................................5
What’s New..............................................................................6

•	
•	
•	
•	
•	

Download Tax Forms
Find Answers to Frequently Asked Questions
Access Where’s My Refund
View the Taxpayer Bill of Rights
Find Georgia Regulations

Get help with:
•	
•	

Refunds
Web Access

Customer Contact Center:
1-877-423-6711
https://dor.georgia.gov/taxes/taxes-corporations

Electronic Filing
You may file electronically using software produced by an approved software provider listed on our website
https://dor.georgia.gov/approved-software-providers.

3

2025 IT-611 Instructions Booklet

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 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:
•	

Federal Employer Identification Number (FEIN)

•	

A valid e-mail address

•	

Federal Adjusted Gross Income (Federal AGI) from the most recently filed Georgia return

Note: Third-party filers can sign up for GTC to access their client’s information with the proper documentation and authorization. For more information see:
https://dor.georgia.gov/taxes/information-tax-professionals/third-party-filers
Please visit our website to sign up for access to GTC, find helpful links, instructions, and how to videos:
https://dor.georgia.gov/georgia-tax-center-help/how-videos

GTC Features
A login is required to do the following:
•	

Receive notification when a return is filed, or a refund has been issued

•	

Request an Offer in Compromise (OIC)

•	
•	
•	
•	
•	
•	

Submit a Payment Plan Request

Submit a Power of Attorney (POA)
View account balance

Manage your tax credits

Make payments as a direct debit from a US bank and/or using credit or debit cards.

Perform general account maintenance - address change, preapproval of credits, view credits, etc.

4

2025 IT-611 Instructions Booklet

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
•	 Access Where’s My Refund
•	 View the Taxpayer Bill of Rights
•	 Find Georgia Regulations
Customer Contact Center: 1-877-423-6711
https://dor.georgia.gov/taxes/taxes-corporations
Get help with:
•	 Refunds
•	 Billing
•	 GTC Web Access
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

Customer Contact Center ............................................................................................................................................................. 1-877-423-6711
Secretary of State.....................................................................................................................................................................................404-656-2817
Georgia Department of Revenue..............................................................................................................................................dor.georgia.gov
Internal Revenue Service (IRS)..........................................................................................................................................................................irs.gov

5

2025 IT-611 Instructions Booklet

GENERAL INFORMATION
Introduction

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.

The following instructions apply to two separate taxes
on corporations. One is an income tax on taxable
income. The second is a graduated tax based on
corporate net worth. Instructions for the net worth tax
begins on page 16.

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.

Both taxes must be paid annually. Schedule 3 of
the return is designed to combine the liabilities, any
penalty and interest due, any business tax credits,
and the credits for prepayment, to result in a single
balance due or overpayment.
Federal Tax Changes/Conformity, Legislation, and
Other Policy Information

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:

Federal Tax Changes/Conformity with Federal
Changes, New Legislation, and other Policy Information
are available via the Department’s website https://
dor.georgia.gov/taxes/tax-rules-and-policies.

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

Frequently Asked Questions

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

Frequently asked questions regarding corporations, S
Corporations, partnerships, and LLCs are available on
our website at https://dor.georgia.gov/corporationfaqs.

- 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.

What's New

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.

New Tax Rate: For taxable years beginning on or after
January 1, 2024, the income tax rate for 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.

6

2025 IT-611 Instructions Booklet

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.

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.
Credit Code for Converted Vehicle Credit (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 vehicle 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.

Tax Credit Updates

Qualified Rural Hospital Organization Expense
Tax Credit (Credit Code 136): The 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.

New 2025 Credit Codes: For taxable years beginning
on or after January 1, 2025, the credit codes 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
https://dor.georgia.gov/taxes/tax-credits.
157 Employer’s Jobs Tax Credit 2025

Taxpayers who receive preapproval on or before
September 30 must 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 attributed to the chosen rural hospital organization
up to its yearly contribution cap, and the remaining
amount will be attributed to the next available rural
hospital organization with the highest financial need
that has not yet reached its yearly contribution cap.

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
New Tax Credit: 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

7

2025 IT-611 Instructions Booklet

For more information, refer to O.C.G.A. §48-7-29.20
and Regulation 560-7-8-.57.

weekend or a holiday. Returns should be mailed to
Georgia Department of Revenue, Processing Center,
P.O. Box 740397, Atlanta, Georgia 30374-0397.

Credit Carryforward Years Reduced for Several
Credits: The number of carryforward years for
several 2025 income tax credits have been reduced.
In addition, installment periods for certain credits
have been reduced. For more information on income
tax credits and their carryforward periods, please see
https://dor.georgia.gov/taxes/tax-credits.

When is Electronic Filing Required?
Non-individual income tax returns must be filed
electronically if:
1.	

Filing Requirements

Payments are remitted by electronic funds
transfer, whether on a mandatory or voluntary
basis;

2.	 The Federal counterpart of such return is required
to be filed electronically pursuant to the Internal
Revenue Code of 1986 or Internal Revenue Service
regulations; or

All corporations that own property or do business in
Georgia, or that have income from Georgia sources
are required to file a Georgia income tax return. A
corporation electing to file under the Internal Revenue
Code provisions for S corporations having one or
more stockholders who are nonresidents of Georgia
must file consent Form 600S-CA on behalf of each
nonresident. Failure to furnish a properly executed
Form 600S-CA for each nonresident stockholder
negates Georgia’s recognition of the election,
requiring each corporation to file Form 600 and pay
the regular corporate tax.

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

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

CORPORATE PARTNERS OF PARTNERLATE PAYMENT PENALTY
SHIPS
A taxpayer having an extension must pay the
Georgia tax by the statutory due date of the return
(excluding extensions) using Form IT-560C. Credit
for this prepayment should be claimed on Form 600,
Schedule 3, 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%) and interest will accrue
until the tax is paid. This penalty will accrue from the
statutory due date regardless of any extension for
filing the return. See page 6 for more information. A
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 600.

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
The return is due on or before the 15th day of the 4th
month following the close of the taxable year. This
would be April 15, 2026 if filing on a calendar-year
basis. If the due date falls on a weekend or holiday,
the return shall be due on the next day that is not a

8

2025 IT-611 Instructions Booklet

RELATION TO FEDERAL
RETURN

EXTENSION INFORMATION FOR
CORPORATIONS
Georgia Code Section §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 their Federal income
tax return. If the return is received within the time
extended by the Internal Revenue Service plus one
additional month and Form 7004 is attached to the
return, no late filing penalties will apply. Georgia law
prohibits granting an extension of more than seven
months from the due date of the return.

The Georgia return correlates to the Federal return
in most respects (Please see page 7 for a link to
the Federal Tax Change Section on the website).
The taxable income shown on the Federal return is
the basis used to calculate Georgia taxable income
with adjustments as provided by Georgia law. The
accounting period and method for the Georgia return
must be the same as the Federal return. The Federal
principles pertaining to execution of the return by
an officer and the preparer also apply to Georgia
returns. A complete copy of the Federal return and
all supporting schedules must be attached to the
Georgia return.

Failure to attach a copy of the Federal extension will
result in the return being considered filed late and
the assessment of applicable penalties! If you do not
need a Federal extension, use Form IT-303 to request
a Georgia extension if necessary.

Affiliated corporations that file a consolidated
Federal income tax return must file separate
income tax returns with Georgia unless they
have prior approval or have been required to file
a consolidated return by the Commissioner of
Revenue. If filing a consolidated Georgia income
tax return, a separate net worth tax return must
be filed by each subsidiary. Schedule 12 should
also be completed only on the Group Consolidated
return. Each member in the group, including the
parent corporation, should be listed on Schedule
12, “MEMBERS TO BE INCLUDED IN THE GEORGIA
CONSOLIDATED GROUP”. Visit our website at dor.
georgia.gov for instructions concerning proper
return preparation and mailing.

If an extension is 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 9 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.
Non estimated tax payments made prior to filing a
completed return must be accompanied by Form IT560C and claimed on Form 600, Schedule 3, Line 2.
An extension of time does not alter interest or penalty
charges for late payment of tax.
NOTE: Check the “Extension” box on Form 600 if a
Federal or Georgia extension was granted. Failure
to check the extension box will result in assessment
of a late filing penalty.

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.

9

2025 IT-611 Instructions Booklet

PUBLIC LAW 86-272
Public Law 86-272 provides an exemption from
taxation in the following circumstances. If the
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, 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 and attach a copy of their Federal income tax
return. However, on line 8, Schedule 1 of Form 600
they should enter zero, and they should attach a
statement that indicates the corporation’s belief
that it falls under the protection of Public Law 86-272.
Additionally, the corporation should check the box on
page 1 of the form.

ADJUSTMENTS TO FEDERAL INCOME
Federal taxable income is used as the basis
of computation to calculate Georgia taxable
income. Lines 2 and 4 of Schedule 1 provide for the
modifications required by Georgia Law. The total
additions to Federal income should be indicated on
Schedule 1, Line 2 and listed on Schedule 4.
Total subtractions from Federal taxable income
should be indicated on Schedule 1, Line 4 and listed
in Schedule 5. The more commonly used items are
listed in each of these schedules. Additionally,
adjustments due to Federal tax changes should
be reported as stated in the instructions on the
Department’s website.

A corporation must add back all captive REIT expenses
directly or indirectly paid to a related member. All
such expense must be listed as an addition to federal
taxable income even if the taxpayer qualifies for an
exception. If the 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. section 48-7-21.1. An authorized employee
is someone legally allowed to work in the United
States.
A corporation must add back all intangible expense
and related interest expense directly or indirectly
paid to a related member. All such expense must
be listed as an addition to federal taxable 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 for
the taxpayer to take a subtraction on Schedule 5 for
all or any portion of the addition listed on Schedule
4.
The subtraction for U.S. obligation income 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 taxpayers 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.
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
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
interest.

10

2025 IT-611 Instructions Booklet

A corporation which is a party to state contracts may
subtract from Federal taxable 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 the DOAS website at: https://doas.ga.gov/
state-purchasing/georgia-business-certificationprogram.

AMENDED RETURNS
Georgia has no separate form for filing an amended
return. To amend a return, check the amended
return box on Form 600. A copy of the Federal Form
1120X or Federal audit adjustments must be attached.
Mail the amended return to Georgia Department of
Revenue, Processing Center, P.O. Box 740397, Atlanta,
Georgia 30374-0397. Amended returns are required
to be sent electronically if the original return was filed
electronically.

Consolidated Returns
Regulation 560-7-3-.13 applicable to consolidated
returns became effective for tax years beginning on
or after January 1, 2002. It substantially changed the
rules for filing consolidated returns. Visit our website
at dor.georgia.gov for more information, including
instructions on proper return preparation. For tax
years beginning on or after January 1, 2023, affiliated
groups are no longer required to request permission
to file consolidated returns and may elect to file
consolidated returns on an original return.
For affiliated groups that received permission to file
consolidated returns for tax years beginning before
January 1, 2023, such groups may continue to file
consolidated returns for taxable years beginning
on or after January 1, 2023. The designated parent
company will continue filing Form 600 and mark the

“Consolidated GA Parent Return” checkbox. Each
subsidiary member included in the consolidated
return will also continue filing Form 600 and mark the
“GA Consolidated Subsidiary” checkbox and provide
the FEIN of the Georgia parent company.
For affiliated groups that wish to make a new election
to file consolidated returns for tax years beginning
on or after January 1, 2023, the designated parent
company must complete Form 600 and mark the
“Consolidated GA Parent Return” checkbox to make
the election. Each subsidiary member included in the
consolidated return must complete Form 600 and
mark the “GA Consolidated Subsidiary” checkbox
and provide the FEIN of the Georgia parent company.
For affiliated groups that wish to terminate their
consolidated return filing, such groups must mark the
“Cease Filing Consolidated” checkbox.
For affiliated groups that wish to terminate their
consolidated filing under the Commissioner’s
permission and now want to file consolidated returns
under the election, the designated Georgia parent
company must complete Form 600 and mark the
“Cease Filing Consolidated” checkbox and the
“Consolidated GA Parent Return” checkbox. Each
subsidiary member included in the consolidated
return will continue to mark the “GA Consolidated
Subsidiary” checkbox and provide the FEIN of the
Georgia parent company.
Schedule 12 must be completed on all Parent
Consolidated Group returns.
Consolidated Return Credit Instructions. Credits
must be calculated on a separate company basis.
Georgia credit forms must be attached to each
separate company Form 600 (excluding the Parent
corporation’s or designated member’s separate
company return), and Schedule 10 of each separate
company Form 600 must be completed in the year
the credits are generated. Each separate company
must complete Schedule 11 of Form 600 when
assigning credits. Do not complete Line 3 of Schedule
3 of the separate company Form 600.

All credits (except those that will be sold or used
against withholding of the subsidiary, if eligible) must
be assigned to the consolidated group Form 600 in

11

2025 IT-611 Instructions Booklet

the year the credits are generated (whether used or
not) using Schedule 11 of the subsidiary Form 600, and
such assigned credits must be claimed on Schedule
10 of the consolidated group Form 600 (include all
information on Schedule 10 as required when credits
are assigned from subsidiaries). Please note this
assignment does not constitute an assignment of
credits as defined in O.C.G.A. Section 48-7-42 but is
simply a transfer of credits to facilitate the processing
of the consolidated group return.
A schedule must be attached indicating the amount
of the credit allowed for each separate company
after considering limitations based on a percentage
of state income tax liability.
Georgia credit forms for credits earned by the
Parent corporation or designated member must be
attached to the consolidated group Form 600 (not the
separate company return of the parent or designated
member), and Schedule 10 of the consolidated group
Form 600 must be completed in the year the credits
are generated. The Parent corporation or designated
member should include on Schedule 10 credits earned
by the Parent and credits earned and assigned by
the subsidiaries, to facilitate processing of the credits.
For credit limitation purposes, net operating loss
carryovers must be accounted for on a separate
company basis. For example, a consolidated group
consists of two corporations, Corporation A and
Corporation B. In 2010, Corporation A has a separate
company apportioned taxable income of $5,000.
Corporation B has a separate company apportioned
taxable loss of $6,000. The consolidated group’s
taxable loss is $1,000. The consolidated group elects
to carry forward the loss to 2011. In 2011, Corporation
B will be treated, for credit limitation purposes, as
having a $6,000 net operating loss carryover which
must be applied to its income before applying the
credit percentage limitations.

12

2025 IT-611 Instructions Booklet

GENERAL INFORMATION: INCOME TAX
COMPUTATION OF INCOME TAX
Georgia income tax is 5.19% of the Georgia taxable
income after Passive Loss/Capital Loss Deduction
shown on Schedule 1, Line 9. The amount of tax must
be entered on Schedule 1, Line 10, and on Schedule 3,
Line 1A.
If a federal audit results in a change in taxable income,
the taxpayer shall file an amended return (Form 600)
reflecting the changed or corrected net income within
180 days of the final IRS determination. Electronically
file or mail the return to: Processing Center, Georgia
Department of Revenue, P. O. Box 740397, Atlanta, GA
30374-0397. Further, if the changes result in a refund,
the refund must be claimed within one year of the
date the changes are submitted.

tory, county, school district, municipality, or other tax
subdivision of any state, territory, or foreign country
to the extent such taxes are deducted to determine
Federal taxable income. This includes Federal environmental tax.
When salaries and wages are reduced on the Federal
return to compute Federal taxable income because
of a Federal jobs tax credit, the eliminated salary
and wage deduction should be listed on Schedule 5
as a subtraction from Federal taxable income.
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 Section 174 under
the 2017 Tax Cuts and Jobs Act for research and
experimental expenditures paid or incurred in tax
years beginning after December 31, 2021.
Please see Policy Bulletin IT 2018-1 for information
regarding the exclusion for dividends from sources
outside the United States.

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 amounts that are required to be included in
the nonresident’s income. See Regulation 560-7-4.05 for more information.

See Georgia Code Section 48-7-21 for additional
adjustments.

ALLOCATION AND APPORTIONMENT
OF INCOME
If any corporation, domestic or foreign, does business
or owns property both within and outside Georgia,
Schedules 6 and 7 should be used to compute
Georgia taxable income.

Georgia Taxes Deductible
There shall be added to taxable income any taxes on,
or measured by, net income or net profits paid or accrued within the taxable year imposed by the authority of the United States or any foreign country, or by
any state except the State of Georgia, or by any terri-

13

The tax imposed by Georgia law applies to the
entire net income as previously defined, received
by every corporation, foreign or domestic, that owns
property in this state, does business in this State, or
derives income from sources in this state. Every such
corporation shall be deemed to be doing business in
this State if engaged within this State in any activities
or transactions for the purpose of financial profit or
gain; whether or not such corporation is registered to
do business in this State; whether or not it maintains
an office or place of business within this State; and
whether or not any such activity or transaction is
connected with interstate or foreign commerce. If
the business income of the corporation is derived in

2025 IT-611 Instructions Booklet

part from Georgia sources, or from property owned
or business done within this 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 that 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) Gains 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 gains shall be
allocated outside the State.
(3) When net income of the above classes has been
separately allocated and deducted, the remainder
of the net business income shall be apportioned as
follows:

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 business other than
the sale of tangible personal property, receipts shall

be deemed to have been derived from business
done in this State if received from customers within
this State, or if the receipts 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 their 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 their 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 that 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.
Credit Usage and Carryover and Refundable Tax
Credits
Enter the information as specified on each line of
Schedules 10 and 10B. Georgia tax credits (Series 100)
must be claimed on Schedule 10. Refundable credits
are claimed on schedule 10B. Currently only the
Timber Tax credit is refundable but is not refundable
if it was purchased. With respect to Line 12 of each
schedule, the “Tax Credits” summary in this booklet
includes which credits can be sold.

14

2025 IT-611 Instructions Booklet

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.)

15

2025 IT-611 Instructions Booklet

GEORGIA NOL CARRY FORWARD WORKSHEET EXAMPLE
A

B

C

D

E

F

Loss Year	
Loss Amount	
Income Year
NOL Utilized	
Balance	
Remaining NOL	
					
	2009	
$
225,351	
$
176,299	
$
49,052	
12/31/2010
						
2009
$
137,047	
$
39,252
12/31/2011
2009	
$
110,167	
$
26,880
12/31/2012
						
2009
$
0	
$
0	
$
110,167	
12/31/2013	
						
2014
$
86,280	
$
86,280	
						
						
2015
$
116,287	
$
116,287	
						
2016
$
18,765	
$
18,765	
2017
$
52,711	
						
2018	
$
300,000	
						

M
A
X
E

E
L
P

52,711	

$

300,000	

$ 574,043
$ 450,000
						

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

$ 274,043

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

$ 175,957

exceed 80% of Line 2; see instructions for more information)
5. Total NOL applied (Add Lines 3 and 4, Enter on Schedule 1, Line 6 or Schedule 7, Line 8*)

$ 450,000

6. NOL Carry Forward Available to Next Year (Line 1 less Line 5 plus any loss amount on Line 2

INSTRUCTIONS

$

$ 124,043

*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.

16

2025 IT-611 Instructions Booklet

GENERAL INFORMATION: NET WORTH
Initial Net Worth 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 fourth 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
date of incorporation/qualification 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.

Domestic corporations and domesticated foreign
corporations are taxed based upon total net
worth (100% ratio) and should not use the ratio
computation in Schedule 8.
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.

COMPUTATION OF NET WORTH TAX

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 which 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.

The tax is graduated based on net worth (see page
8 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.

When two or more corporations file a consolidated
return for income tax purposes, a separate net
worth tax return must be filed by each subsidiary.
Schedule 12 should also be completed only on the
Group Consolidated return. Visit our website at
dor.georgia.gov for more information, including
instructions concerning proper return preparation
and mailing.

Thereafter, an annual return must be filed on or
before the fifteenth day of the fourth month following
the beginning of the corporation’s taxable period.

Foreign corporations qualified to conduct business
in Georgia are taxed based upon the portion of net
worth employed within Georgia as computed on
Schedule 2, using the ratio computed on Schedule
8. 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
the instructions on page 14.
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.

17

2025 IT-611 Instructions Booklet

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. Periods 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.

18

2025 IT-611 Instructions Booklet

GENERAL INFORMATION: NET WORTH TAX (continued)
NET WORTH TAX TABLE
DOMESTIC AND DOMESTICATED FOREIGN CORPORATIONS
Based on net worth including issued capital stock, paid-in surplus, and earned surplus (Schedule 2, Line 4).
FOREIGN CORPORATIONS
Based on net worth including issued capital stock, paid-in surplus, and earned surplus employed within
Georgia (Schedule 2, 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

19

2025 IT-611 Instructions Booklet

REFUND, TAX DUE, PENALTIES AND INTEREST
NET TAX DUE OR OVERPAYMENT

PENALTIES AND INTEREST

Schedule 3 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.

The Georgia Code imposes certain penalties as
follows:

DIRECT DEPOSIT OPTION

• 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.

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).

• 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%.

• Negligent underpayment of tax-5% thereof.
• Fraudulent underpayment-50% thereof.
• Underpayment of estimated tax- see page 18.
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.
Interest is accumulated on delinquent payments
from the due date until paid in full.
For more information on Penalties and Interest, see:
https://dor.georgia.gov/penalty-and-interest-rates.

NET WORTH PENALTIES AND
INTEREST
Penalty for delinquent filing is 10% of tax due. Penalty
for delinquent payment is 10% of tax due. In addition,
interest as specified on page 9 is due on delinquent
payments from the due date until paid in full.

20

2025 IT-611 Instructions Booklet

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-maketax-payment or contact the Taxpayer Services
Customer Contact Center at 1-877-423-6711. 	

21

2025 IT-611 Instructions Booklet

ADDITIONAL INFORMATION
TAX EXEMPT ORGANIZATIONS

application on the Secretary of State’s website at
sos.ga.gov/. Annual registration and Certificate of
Authority obligations are separate from any filings
with the Department of Revenue.

An organization that had tax exempt status with the
Internal Revenue Service prior to January 1, 1987 is not
required to apply to the Department for a tax exempt
determination letter. Organizations, that received IRS
determination letters after that date and for a tax
year beginning before 1/1/2008, must apply using
Georgia Form 3605. A nonprofit corporate charter
does not constitute an exemption from income tax.

Payment Agreement
You must meet the following criteria for a payment
agreement:

For tax years beginning on or after 1/1/2008, Form 3605
is no longer required. The IRS determination letter
allowing exempt status for the corporation along with
the letter of incorporation will suffice. Attach these
forms to the relevant exempt organization federal
return that is filed with Georgia.

•	

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.

Each exempt organization must file a copy of the
forms they file with the Internal Revenue Service
(Forms 990, 990-EZ, etc.) annually. The due date for
filing copies of the Federal return with Georgia is the
same as that for filing with the IRS.

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.

Form 600-T should be mailed to the address on the
form.
Forms 990 and 5500 should be mailed to Georgia
Department of Revenue, P.O. Box 740395, Atlanta, GA
30374-0395.

ANNUAL REGISTRATION WITH THE
SECRETARY OF STATE
All Georgia corporations and foreign corporations
that “qualify” to do business in Georgia must file
an annual registration with the Secretary of State
(SOS). Registration, including the fee, is due between
January 1 and April 1. The SOS 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. §
14-2-1501. You may view the statute and obtain an

22

2025 IT-611 Instructions Booklet

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 3 Line 9 of Form 600.
	 The following percentages of estimated tax shall
	 be paid on or before the fifteenth day of the:
	
	

4th MONTH 	
OF THE 	
TAXABLE 	
YEAR 	

6th MONTH 	
OF THE 	
TAXABLE 	
YEAR 	

9th MONTH 	
OF THE 	
TAXABLE 	
YEAR 	

12th MONTH
OF THE
TAXABLE
YEAR

25% 	

25% 	

25% 	

25%

33 1/3% 	

33 1/3% 	

33 1/3%

50% 	

50%

Before the first day of the fourth month of the taxable year. 	
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.

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 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.

23

2025 IT-611 Instructions Booklet

TAX CREDITS
Note: A return is required to be filed electronically if the return generates, allocates, claims, utilizes, or
includes in any manner a Series 100 credit.
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 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 flow to the proper taxpayer.
Disregarded Single Member LLC Credit Instructions. If the taxpayer owns or is owned by a disregarded single member
LLC, the single member LLC should be disregarded for filing purposes. All credits should be claimed on the owner’s return. All tax credit forms should be filed in the name of the single member LLC but included with the owner’s return. This
is necessary so that the returns can be processed and the credits flow to the proper taxpayer.

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 	
	
Child Care for Employees
106 - Manufacturer’s Investment Tax Credit
107 - Optional Investment Tax Credit
109 - Low Income Housing Credit
111 - Business Enterprise Vehicle Credit
112 - Research Tax Credit
113 - Headquarters Tax Credit
114 - Port Activity Tax Credit
115 - Bank Tax Credit
118 - New Facilities Jobs 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 Qualified Interactive Entertainment 		
	
Production Company)
124 - Land Conservation Credit
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)

Code	 Name of Credit
136 - Qualified Rural Hospital Organization Expense
	
Tax Credit
138 - Postproduction Film Tax Credit
139 - Small Postproduction 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 Certified Structures Earning $300K
or less
150 - Historic Rehabilitation Tax Credit for Historic 		
	
Homes and Other Certified Structures 		
	
Earning $300K or less
151 - Qualified Foster Child Donation Credit
152 - Historic Rehabilitation Credit for Historic Homes
153 - Historic Rehabilitation for Other Certified
Structures
154 - Rural Healthcare Professional Credit
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

Note: The credit type code numbers referenced above are subject to change from year to year. Please review the codes carefully to ensure you list the correct code number. For more details about credits and the latest forms, visit our website at: dor.georgia.gov.

24

2025 IT-611 Instructions Booklet

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 s