C. Franchise: The annual tax based on net worth (capital stock + retained earnings) is called a license or occupation tax in Georgia. Domestic corporations are taxed on 100% of net worth. Foreign (out-of-state) corporations are taxed only on net worth apportioned to Georgia, determined by this formula:

D. Sales Tax: Georgia companies pay the state sales tax at the time of purchase. The tax applies to purchases (other than real estate) delivered or stored in Georgia to be used or consumed in the business (not for resale). This includes natural gas, oil, gasoline, telephone, artificial gas, steam, electricity and rentals. In addition to the State of Georgia sales tax of 4%, the following local taxes apply:

Richmond County - 3 percent | Columbia County - 3 percent | Burke County - 2 percent