Form Pt 440 PDF Details

In the realm of financial regulatory compliance within the State of Georgia, the Form PT-440, or the "Return of Business License Tax," plays a vital role for financial institutions. Issued by the Georgia Department of Revenue, Local Government Services Division, this form serves as a mechanism for financial institutions, including banks, savings and loans, banking corporations, and bank holding companies, to declare their applicable business license taxes based on their gross receipts for the calendar year. The intricate process requires these entities to meticulously calculate the adjusted gross receipts and allocate them for tax purposes, contingent upon the number of full service offices they operate within the state. Specifically, the form differentiates between institutions with more than five full-service offices and those with fewer, prescribing distinct allocation methods for each category to ensure an equitable tax distribution across municipal and county jurisdictions. The document emphasizes the imperative of filing this return in each jurisdiction where the institution has an office, underlining the local governance of business license taxation despite the form’s provision by a state agency. Additionally, the form underscores the collaborative reliance on the State Occupation Tax Return – Form 900, from which adjusted gross receipts figures are derived. Institutions are mandated to adhere to a March 1st deadline, a timeline critical for both planning and compliance efforts. These directives encapsulate not only the procedural aspects of the Form PT-440 but also illuminate the broader regulatory framework within which Georgia's financial institutions operate, balancing local autonomy with state oversight to cultivate a standardized yet flexible approach to business license tax reporting.

QuestionAnswer
Form NameForm Pt 440
Form Length4 pages
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Avg. time to fill out1 min
Other namesgeorgia pt 440 form, form pt 440 georgia, form georgia pt 440, georgia pt 61 form pdf

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State of Georgia

 

Lynnette T. Riley

Department of Revenue

Ellen Mills

Commissioner

Director

 

Local Government Services

4125 Welcome All Road

Atlanta GA 30349-1824

(404) 724-7000

To:

Financial Institutions

From:

Ellen Mills, Director

Subject:

RETURN OF BUSINESS LICENSE TAX

Enclosed please find Form PT-440, Return of Business License Tax. Although the State of Georgia provides the PT-440 “Return of Business License Tax” form, the responsibility for receiving and processing these returns belongs to the local governing authorities. Therefore, please direct all inquiries to the city and /or county officials that handle the business license taxation in your jurisdiction.

An Equal Opportunity Employer

PT-440 (Rev. 08/2013)

STATE OF GEORGIA

Georgia Department of Revenue

Local Government Services Division

RETURN OF FINANCIAL INSTITUTIONS

BUSINESS LICENSE TAXES

CALENDAR YEAR ENDED DECEMBER 31, 20___

FEDERAL E . I . NUMBER

EXACT CORPORATE NAME

 

 

DO NOT USE THIS SPACE

 

 

 

 

 

 

Attach a copy of the

Street or P.O. Box

 

 

 

 

 

 

 

 

 

Form 900

 

 

 

 

 

Filed with Georgia

 

 

 

 

 

Income Tax Division

 

 

 

 

 

 

 

 

 

 

 

 

CITY

STATE

ZIP CODE

 

 

 

 

 

 

 

 

 

 

 

 

Operating as: { } Bank

{ } Savings and Loan

{ } Banking Corporation

{ } Bank Holding Company

DECLARATION: I / WE declare under the penalties of perjury that I / WE have examined this return (including accompanying schedules and statements) and to the best of our knowledge and belief it is true, correct, and complete. If prepared by a person other than taxpayer, his declaration is based on all information of which he has any knowledge.

_________________________________________________

___________________________________________________

(Signature of Officer)

 

(Signature of Individual or Firm preparing the return)

_________________________________________________

___________________________________________________

(Title)

(Date)

(Identification or Social Security Number)

This return is made in accordance with O.C.G.A. 48-6-93, which authorizes municipalities and counties to levy and collect a local business license tax based upon the gross receipts, as defined, of financial institutions.

IMPORTANT:

A COPY OF THIS RETURN MUST BE FILED IN EACH COUNTY AND/OR MUNICIPALITY WHERE BUSINESS IS LOCATED.

D I R E C T A L L I N Q U I R I E S T O T H E C I T Y A N D / O R C O U N T Y O F F I C I A L S

T H A T H A N D L E T H E F I N A N C I A L I N S T I T U T I O N S B U S I N E S S L I C E N S E T A X A T I O N

I N Y O U R J U S I S D I C T I O N

STATE OF GEORGIA

DEPARTMENT OF REVENUE

LOCAL GOVERNMENT SERVICES DIVISION (REV. 08/2013)

COMPUTATION OF ADJUSTED GROSS RECEIPTS ALLOCATION FOR BUSINESS LICENSE TAXES

SCHEDULE 1 – INSTITUTIONS HAVING MORE THAN 5 FULL SERVICE OFFICES

A

Adjusted Gross Receipts From Form 900, Line 8, Schedule 1 $________________

 

 

B

 

Number of Full Service Offices Excluding Principal Georgia Office

 

 

 

 

_____________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Col. 2) *

(Col. 3)

 

 

 

 

 

 

 

 

CALCULATE IF KNOWN

C

 

No. Of Offices

(Col. 4)

 

 

(Col. 5)

(Col. 6)

(Col. 7)

(Col. 1)

No. In Col. (2)

 

 

 

 

 

 

Excluding

No. In Col. (3)

 

Main Office

Column (4) plus

Column (6) times

 

 

 

 

Name of Municipality or

divided by Line B

 

 

 

 

 

Principal

times .8

 

Allocation

Column (5)

Line A Schedule 1

Rate

Tax

Minimum

 

County

Schedule 1

 

 

Georgia Office

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Parent County

 

 

 

20%

 

 

 

 

 

 

Parent Municipality

 

 

 

20%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULE 2 – INSTITUTIONS HAVING FEWER THAN 5 FULL SERVICE OFFICES IN ADDITION TO THE PRINCIPAL GEORGIA OFFICE

 

 

 

A

Adjusted Gross Receipts From Form 900, Line 8, Schedule 1 $________________

B

Number of Full Service Offices Including Principal Georgia

Office

______________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Col. 2)*

(Col. 3)

(Col. 4)

 

(Col. 5)

(Col. 6)

 

CALCULATE IF KNOWN

 

 

No. Of Offices

 

 

 

 

 

 

(Col. 7)

 

 

 

C

(Col. 1)

No. In Col. (2)

 

 

 

 

 

 

 

 

 

Including

 

 

 

 

 

 

Column (3) times

 

 

 

Name of Municipality or

divided by Line B

 

 

 

 

 

 

 

 

 

 

Principal

 

 

 

 

 

 

Line A Schedule 2

Rate

Tax

Minimum

 

County

Schedule 2

 

 

 

 

 

 

 

Georgia Office

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ATTACH CONTINUATION SHEETS FOR LINES AS NEEDED (Complete heading on reverse side)

TOTAL

*For the purpose of levying the Financial Institutions Business License Tax, the jurisdiction of the county is the entire geographical area of the county including areas within municipalities. Therefore, the tax levied by the county is calculated on the gross receipts attributable to each location within the entire geographic area of the county. Municipalities levy the tax on those locations within their respective areas as well.

INSTRUCTION SHEET - PT-440 (REV. 08/2013)

STATE OF GEORGIA

Georgia Department of Revenue

Local Government Services Division

FINANCIAL INSTITUTIONS BUSINESS LICENSE TAXES

GENERAL INSTRUCTIONS - FORM PT-440

FILING REQUIREMENTS

All financial institutions located in the State of Georgia are required to file a Form PT-440 in all jurisdictions that impose the business license tax if that institution has a full service office located within that jurisdiction. The filing deadline is March 1st of each year. Returns should be mailed to the local (city and/or county) official(s) responsible for receiving and processing those returns.

TAX RATE(S)

State law (O.C.G.A. 48-6-95) provides that each county and municipality may impose a rate of not more than 0.25 percent of Georgia gross receipts. Each county and municipality may impose a minimum tax, which may not exceed $1000.00.

ALLOCATION OF GROSS RECEIPTS

The tax is based upon the gross receipts of the financial institution or a portion of the gross receipts if the financial institution has more than one full service office. The law provides for the allocation of gross receipts among branches and the parent bank, depending on whether the financial institution has fewer than five branches in addition to the principal Georgia office OR more than five branches.

(1)Where there are fewer than five (5) offices, in addition to the principal Georgia office, the total gross receipts are allocated in equal shares to each location.

(refer Schedule 2)

(2)Where there are more than five (5) offices, the total gross receipts allocated to each location shall be computed by first allocating 20% of the total to the parent bank and then allocating the remaining 80% in equal shares to the other offices.

(refer Schedule 1)

RELATION TO GA OCCUPATION TAX RETURN FORM 900

The Form PT-440 is used in conjunction with the State Occupation Tax Return - FORM 900.

The amount of adjusted gross receipts shown on Line 7, Schedule 1, Form 900 should be entered on Line A, Schedule 1 of Form PT-440 OR Line A, Schedule 2 of Form PT-440, depending upon the number of branches the institution has. Copies of the Form PT-440 must be attached to the State Occupation Tax Return - Form 900.

COMPUTATION OF THE BUSINESS LICENSE TAXES FORM PT-440 ---SCHEDULE 1 (for institutions having more

than 5 full service offices)

On Line A, enter the adjusted gross receipts as reported on Form 900, Line 7, Schedule 1.

On Line B, enter the total number of full service offices of the

institution. DO NOT INCLUDE THE PRINCIPAL GEORGIA

OFFICE.

On Line C, in Column 1, list all county and municipal locations for the institution. For a county return, list every location in the unincorporated area and within each municipality. For a municipal return, list every location within that city.

On Line C, in column 2, enter the number of full service offices (excluding the principal Georgia office) for each county and each municipality listed separately in column 1.

On Line C, in column 3, enter the three decimal ratio you generate, when you divide the figures in column 2 by the figure appearing on Line B.

On Line C, in column 4, enter 80% of the three decimal ratio you entered in column 3.

On Line C, in column 5, you should NOT make any entry. That column is designed to tax the 20% of gross receipts allocated to the principal Georgia office.

On Line C, in column 6, enter the allocation or distribution ratio you generate when you add the ratio appearing in column 4 to the ratio appearing in column 5.

On Line C, in column 7, enter the taxable gross receipts for each county and each municipality. To obtain those amounts, multiply the ratio in column 6 times the figure appearing on Line A.

COMPUTATION OF THE BUSINESS LICENSE TAXES FORM PT-440---SCHEDULE 2 (for institutions having 5 or fewer full service offices-in addition to the principal Georgia office)

On Line A, enter the adjusted gross receipts as reported on Form 900, Line 7, Schedule 1.

On Line B, enter the total number of full service offices of the institution. BE SURE TO INCLUDE THE PRINCIPAL GEORGIA

OFFICE.

On Line C, in column 1, list all county and municipal locations for the institution. For a county return, list every location in the unincorporated area and within each municipality. For a municipal return, list every location within that city.

On Line C, in column 2, list the number of full service offices for each county and each municipality listed in column 1. Include the principal Georgia office.

On Line C, in column 3, enter the three decimal ratio you generate, when you divide the figures in column 2 by the figure appearing on Line B.

On Line C, in columns 4, 5 and 6, you should NOT make any entry.

On Line C, in column 7, enter the taxable gross receipts for each county and each municipality. To obtain those amounts, multiply the ratio in column 3 times the figure appearing on Line A.

Definition of an “office”---means a place of business of a depository financial institution, which accepts deposits. Does not include unmanned ATM’s, point-of-sale terminals, or any unmanned electronic facility at which deposits may be accepted. 48-6-93 (d) (2)

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