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§ 33-8-4.1. State Insurance Premiums Tax Credits for Insurance Companies Located in Certain Counties Designated as Less Developed Areas; Authority of Commissioner of Community Affairs and Commissioner

As used in this Code section, the term: “Business enterprise” means any insurance company or the headquarters of any insurance company required to pay the tax under Code Section 33-8-4. “Existing business enterprise” means any insurance company or the headquarters of any insurance company required to pay the tax under Code Section 33-8-4 which has […]

§ 33-8-4.2. Assignment, Carryover, and Liability Regarding Tax Credits

As used in this Code section, the term “affiliated entity” means: A corporation that is a member of the taxpayer’s “affiliated group” within the meaning of Section 1504(a) of the Internal Revenue Code and which corporation has a tax liability under Code Section 33-8-4; or An entity affiliated with a corporation, business, partnership, or limited […]

§ 33-8-5. Abatement or Reduction of Tax on Insurance Premiums

Whenever any insurance company doing business in this state shall make it appear to the Commissioner, by evidence satisfactory to him, that one-fourth of its total assets, as of December 31 of any taxable year, exclusive of direct obligations of the United States, consists of or is invested in any or all of the following […]

§ 33-8-7. Deduction From Taxes of Retaliatory Taxes Paid Other States

Any insurance company, corporation, or association domiciled in this state and issuing insurance policies on fire, lightning, extended coverage, and windstorm, which policy covers property within this state, may deduct any retaliatory tax actually paid to another state from their Georgia taxes due for the tax year for which such retaliatory tax was paid only […]

§ 33-8-8. Preemption of Taxation of Insurance Companies by State; Exceptions; Collection of License Fees by Municipal Corporations

Except as otherwise provided in this chapter, the State of Georgia preempts the field of imposing taxes, except taxes on real property and tangible personal property taxed ad valorem, upon insurance companies and their agents and other representatives, including, but not limited to, excise, privilege, franchise, income, license, permit, registration, and similar taxes and fees […]

§ 33-8-8.1. County and Municipal Corporation Taxes on Life Insurance Companies

As used in this Code section, the term “life insurance company” means a company which is authorized to transact only the class of insurance designated in Code Section 33-3-5 as class (1). Life insurance companies are subject to county and municipal corporation taxes levied as follows: There is imposed a county tax for county purposes […]