Organizations and companies exempt from corporate net worth tax

The following are exempt from the payment of the tax imposed by this article: (1) Those organizations not organized for pecuniary gain or profit; (2) Insurance companies which are separately taxed; and (3) Those corporations having a net worth, including capital stock, paid-in surplus, and earned surplus, of no more than $100,000.00. History. 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, § 922405, 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.