---
title: O.C.G.A. § 48-7-40.14. Calculation of new full-time jobs.
collection: code
id: 48-7-40.14
cite_as: O.C.G.A. § 48-7-40.14 (2025)
canonical_url: https://georgiacommons.org/code/48-7-40.14
md_url: https://georgiacommons.org/code/48-7-40.14.md
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date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
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publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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heading_path: REVENUE AND TAXATION / INCOME TAXES / IMPOSITION, RATE, COMPUTATION, EXEMPTIONS, AND CREDITS
---

# O.C.G.A. § 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.

## History

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.