---
title: O.C.G.A. § 7-1-958. Tax exemptions, credits, and privileges; occupational license taxes.
collection: code
id: 7-1-958
cite_as: O.C.G.A. § 7-1-958 (2025)
canonical_url: https://georgiacommons.org/code/7-1-958
md_url: https://georgiacommons.org/code/7-1-958.md
text_url: https://georgiacommons.org/code/7-1-958/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=538
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/7-1.md
previous: https://georgiacommons.org/code/7-1-957.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / SMALL MINORITY BUSINESS DEVELOPMENT CORPORATIONS
---

# O.C.G.A. § 7-1-958. Tax exemptions, credits, and privileges; occupational license taxes.

(a) Any tax exemptions, tax credits, or tax privileges granted to banks or trust companies and other lending institutions by any general laws of this state are granted to corporations organized pursuant to this article.

(b) Every corporation organized and engaged in business under this article shall pay an annual state occupational license tax of $50.00. Counties and municipalities are authorized, in addition, to levy the occupational license taxes as prescribed; provided, however, that no county or municipality shall levy any such occupational license tax in a greater amount than those prescribed.

## History

Code 1981, § 7-1-958, enacted by Ga. L. 1988, p. 804, § 1; Ga. L. 2016, p. 390, § 7-4/HB 811; Ga. L. 2017, p. 774, § 7/HB 323.