What types of taxes have to be added to Federal income?
• Any taxes on, or measured by, net income or net profits paid or accrued within the taxable year imposed by the authority of the United States or any foreign country, and by any state (except the state of Georgia) or by any territory, county, school district, municipality, or other tax subdivision of any state, territory, or foreign country to the extent such taxes are deducted in determining Federal taxable income. In general, these are taxes based upon income. • Has Georgia adopted the Uniform Division of Income for Tax Purposes Act (UDIPTA). • No, Georgia has not specifically adopted UDIPTA.
