History. Ga. L. 1931, Ex. Sess., p. 24, § 27; Code 1933, § 92-3204; Ga. L. 1935, p. 121, § 7; Code 1933, § 91A-3703, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 2018, p. 319, § 3/HB 849; Ga. L. 2019, p. 817, § 2/HB 419; Ga. L. 2019, p. 1056, § 48/SB 52.
The 2019 amendments. —
The first 2019 amendment, effective May 7, 2019, substituted “Irrevocable election” for “Election” at the beginning of paragraph (c)(3); inserted “notify each of its direct partners of their distributive share of the adjustments,” in the middle of subparagraph (c)(3)(A); added the second sentence in subparagraph (c)(3)(C); and substituted “the rate provided in subsection (a) of Code Section 48-7-21” for “6 percent” in subparagraph (c)(3)(E). The second 2019 amendment, effective May 12, 2019, part of an Act to revise, modernize, and correct the Code, revised punctuation in paragraph (a)(7), and substituted “filed with the commissioner” for “filed with commissioner” in division (c)(6)(B)(ii).
Cross references.
Partnerships generally, T. 14, C. 8.
Law reviews.
For article, “Aggregate-Plus Theory of Partnership Taxation,” see 43 Ga. L. Rev. 717 (2009).
Structure Georgia Code