Georgia § 48-7-40 - 14. Calculation of new full-time jobs.
Full text of Georgia Official Code of Georgia Annotated § 48-7-40 — 14. Calculation of new full-time jobs., with citation guidance and answers to common questions.
§ 48-7-40. 14. Calculation of new full-time jobs.
Notwithstanding any provision to the contrary of Code Sections 48-7-40 and 48-7-40.1, business enterprises may make a one-time election to calculate new full-time jobs on a calendar year rather than a taxable year basis for all jobs created during calendar year 1994 and thereafter as compared against the preceding calendar year. Such one-time election may be made by claiming job tax credits in connection with any 1995 state income tax return or amended return that is filed after April 29, 1997. Such election will not change the taxable year of the business enterprise. (Code 1981, § 48-7-40.14 , enacted by Ga. L. 1997, p. 1344, § 1.) Code Commission notes. - Pursuant to Code Section 28-9-5, in 1997, this Code section, enacted as Code Section 48-7-40.12, was redesignated as Code Section 48-7-40.14 and "April 29, 1997" was substituted for "the effective date of this Code section" in the second sentence.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 48-7-40
What does Official Code of Georgia Annotated § 48-7-40 cover?
Section 48-7-40 ("14. Calculation of new full-time jobs.") 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 § 48-7-40?
A common citation format is "Official Code of Georgia Annotated § 48-7-40" (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 § 48-7-40 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.