What is the Franchise Tax?
Rights and Privileges Granted by this State to a Franchise
A franchise tax is a tax on the right or privilege of doing business in a state.
The following rights or privileges of doing business in this State are specified
in O.C.G.A. 48-5-420. All franchises, including those not otherwise specifically
mentioned, are to be reported for taxation by March 1 with the county or municipality.
Exercise of the power of eminent domain;Use of any public highway or street;
Use of land above or below any highway or street;Construction and operation
of railroads;Common carriage of passengers or freight;Construction
and operation of any plant for the distribution and sale of gas, water, electric
lights, electric power, steam heat, refrigerated air, or other substances by means
of wires, pipes, or conduits laid under or above any street, alley, or highway;
Construction and operation of any telephone plant or telegraph plant;All rights
to conduct wharfage, dockage, or cranage business;All rights to conduct any
express business or for the operation of sleeping, palace, dining, or chair cars;
All rights and privileges to construct, maintain, or operate canals, toll roads,
or toll bridges; andThe right to carry on the business of maintaining equipment
companies, navigation companies, freight depots, passenger depots, and every other
similar special function dependent upon the grant of public powers or privileges
not allowed by law to individuals or involving the performance of any public service.
O.C.G.A. 48-5-420. - 48-5-425.
Additional questions about the franchise tax should be directed to the county or
municipality where the property is being returned for taxation.