Georgia Net Worth Tax Table: Brackets, Filers, and Penalties

The Georgia net worth tax table sets a flat-dollar amount for each bracket of a corporation’s Georgia-apportioned net worth, starting at $0 for corporations at or below $100,000 and topping out at $5,000 for those above $22 million. The brackets have been unchanged since 2018.¹ Even corporations that owe nothing must still file a return every year.

The Full Bracket Table

Find your Georgia-apportioned net worth in the left column. The right column is what you owe.

$100,000 or less: $0 (return still required)
$100,001 to $150,000: $125
$150,001 to $200,000: $150
$200,001 to $300,000: $200
$300,001 to $500,000: $250
$500,001 to $750,000: $300
$750,001 to $1,000,000: $500
$1,000,001 to $2,000,000: $750
$2,000,001 to $4,000,000: $1,000
$4,000,001 to $6,000,000: $1,250
$6,000,001 to $8,000,000: $1,500
$8,000,001 to $10,000,000: $1,750
$10,000,001 to $12,000,000: $2,000
$12,000,001 to $14,000,000: $2,500
$14,000,001 to $16,000,000: $3,000
$16,000,001 to $18,000,000: $3,500
$18,000,001 to $20,000,000: $4,000
$20,000,001 to $22,000,000: $4,500
Over $22,000,000: $5,000 (the maximum)

The table is not a percentage rate schedule. Each bracket carries a fixed dollar figure, and $5,000 is the cap no matter how large the corporation.²

How to Find Your Net Worth Figure

Georgia defines a corporation’s net worth as issued capital stock plus paid-in surplus plus earned surplus.² In accounting terms, that’s the shareholders’ equity section of the balance sheet. The number comes from the corporation’s books and returns, and the Georgia Commissioner of Revenue can independently determine net worth if the filings don’t disclose it accurately.

Apportionment for Multistate Corporations

If your corporation operates both inside and outside Georgia, you do not run your full net worth through the table. Georgia apportions net worth so the tax reflects the share tied to Georgia operations. Multistate filers should review the apportionment rules under O.C.G.A. 48-13-74, which typically overlap with the data used for Georgia income tax apportionment. The apportioned figure is the one you match against the brackets above.

Initial Returns

New corporations use the net worth as of the date of incorporation or qualification. If the initial taxable period is less than six months, the amount owed is 50% of the figure that would apply for a full year.² First-year corporations are not exempt.

Who the Table Applies To

Three groups fall under Georgia’s net worth tax: corporations formed under Georgia law, foreign corporations domesticated in Georgia, and foreign corporations doing business or owning property in the state.³ The statutory definition of “corporation” reaches associations, professional associations, and insurance companies.⁴

S-corporations are subject to the tax and file the net worth portion of Georgia Form 600S each year. LLCs depend on how they’re classified. An LLC filing as a corporation is subject to the tax. An LLC filing as a partnership is not. A disregarded single-member LLC is not itself subject, but if its owner is a corporation and the LLC operates or owns property in Georgia, the corporate owner owes the tax.⁵

Partnerships and LLCs taxed as partnerships fall outside the tax entirely. Corporations at or below $100,000 in apportioned net worth owe nothing but still file. O.C.G.A. 48-13-71 lists additional exempt organizations, and the imposition statute carves out whatever that section provides.³ Dormant corporations that remain registered with the Secretary of State keep filing until they formally dissolve or withdraw registration.⁵

When the Return Is Due

The net worth tax is reported alongside the Georgia corporate income tax return, and the deadline depends on entity type.

C-corporations file the net worth portion of Georgia Form 600 by the 15th day of the fourth month after the start of the tax year. For calendar-year filers, that’s April 15.
S-corporations file the net worth portion of Georgia Form 600S by the 15th day of the third month after the start of the tax year. For calendar-year filers, that’s March 15.

These deadlines apply every year, whether or not the corporation owes tax.⁵ A newly formed corporation files its initial return by the 15th day of the third month after incorporation or qualification, or the fourth month for C-corporations with net worth years beginning on or after January 1, 2017.²

What Non-Filing Actually Costs

The dollar amounts on the table are modest, which sometimes leads corporations to conclude the return isn’t worth the trouble. The exposure from skipping it isn’t proportional to the tax.

Georgia’s general penalty for willfully failing to file or pay is 10% of the amount due, plus interest.⁶ Interest runs from the original due date to payment at the federal bank prime loan rate (as posted by the Federal Reserve Board at the start of each calendar year) plus 3%, accruing monthly, with any partial month counted as full.⁷

Two structural features matter more than the penalty rate. A corporation that never files has no statute of limitations protection and can be assessed at any time.⁸ And prolonged non-compliance can lead the Secretary of State to administratively dissolve the corporation, which interferes with enforcing contracts, holding business licenses, and routine operations. Reinstatement is available within five years of dissolution but requires clearing all delinquent filings and associated penalties.

1
Georgia Department of Revenue. Corporate Income and Net Worth Tax
2
Justia. Georgia Code 48-13-73 – Amount of Corporate Net Worth Tax
3
Justia. Georgia Code 48-13-72 – Imposition of Annual Corporate Net Worth Tax
4
Justia. Georgia Code 48-13-70 – Definition
5
Georgia Department of Revenue. Net Worth Tax for Corporations – FAQ
6
Justia. Georgia Code 48-2-44 – Willful Failure to File Return or Pay
7
Justia. Georgia Code 48-2-40 – Rate of Interest on Past Due Taxes
8
Georgia Department of Revenue. Statute of Limitations – FAQ