{"data":{"id":"us-ga/o.c.g.a.-48-7-40.23","jurisdiction":"us-ga","citation":"O.C.G.A. § 48-7-40.23","heading":"Election to count new jobs on calendar year basis.","body":"Notwithstanding any provision to the contrary of Code Sections 48-7-40 and 48-7-40.1, business enterprises may apply to the commissioner to 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 2001. Such one-time election may be made by claiming job tax credits calculated on the basis set forth in Code Sections 48-7-40 and 48-7-40.1 in connection with any 2002 state income tax return filed after the effective date of this Code section. Such election will not change the taxable year of the business enterprise.","path":["TITLE 48 Revenue and Taxation","CHAPTER 7 Income Taxes","Article 2 Imposition, Rate, Computation, Exemptions, and Credits"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.48.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"aafd56f01d3cfde3f8f50c66221bef60b4a634160acbeb227287fd2d077e35e4","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-48-7-40.22","next":"us-ga/o.c.g.a.-48-7-40.24"},"notice":"GroundRules: Original legal text. Not legal advice."}