Georgia § 48-13-71 - Organizations and companies exempt from corporate net worth tax.
Full text of Georgia Official Code of Georgia Annotated § 48-13-71 — Organizations and companies exempt from corporate net worth tax., with citation guidance and answers to common questions.
§ 48-13-71. Organizations and companies exempt from corporate net worth tax.
The following are exempt from the payment of the tax imposed by this article: Those organizations not organized for pecuniary gain or profit; Insurance companies which are separately taxed; and Those corporations having a net worth, including capital stock, paid-in surplus, and earned surplus, of no more than $100,000.00. (Code 1933, § 92-2406, enacted by Ga. L. 1975, p. 147, § 1; Code 1933, § 92-2406.1, enacted by Ga. L. 1975, p. 147, § 2; Ga. L. 1976, p. 405, §§ 7, 8; Code 1933, § 92-2405, enacted by Ga. L. 1976, p. 1580, § 5; Code 1933, § 91A-6303, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 1983, p. 1350, § 13; Ga. L. 2017, p. 637, § 2-1/SB 133.) Editor's notes. - Ga. L. 1983, p. 1350, § 15, effective January 1, 1984, provides that, should subsection (e) of § 48-6-93 or paragraph (b)(11) of § 48-7-21 be declared invalid or unconstitutional, it is the intent of the General Assembly that the entire Act be held invalid and that the method of taxation affected by the Act revert to the method in effect prior to January 1, 1984. Ga. L. 2017, p. 637, § 3-1(b)/SB 133, not codified by the General Assembly, provides, in part, that this Act shall be applicable to all taxable years beginning on or after January 1, 2018. Law reviews. - For article, "Why Captives, Lord, What Have They Ever Done?: The Georgia Captive Insurance Company Act," see 26 Ga. St. B. J. 119 (1990).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 48-13-71
What does Official Code of Georgia Annotated § 48-13-71 cover?
Section 48-13-71 ("Organizations and companies exempt from corporate net worth tax.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 48-13-71?
A common citation format is "Official Code of Georgia Annotated § 48-13-71" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 48-13-71 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.