How to make the Georgia PTET election.

Can your business elect?

All partnerships (for taxable years beginning on or after January 1, 2023, regardless of who owns them), including LLCs taxed as partnerships, and S corporations, including LLCs taxed as S corporations. Single-member LLCs not taxed as a partnership or S corporation cannot elect.

The election is binding on all owners, including nonresidents; owners cannot opt out. No owner consent beyond the entity's election is described.

Rate: 4.99% for 2026. By statute the entity-level rate equals the individual rate under O.C.G.A. Section 48-7-20(a.1), which HB 463 (2026) sets at 4.99% for taxable years beginning on or after January 1, 2026. The rate applies to the whole tax period and is not prorated.

The entity's Georgia net income, apportioned and allocated to Georgia as for a corporation. Guaranteed payments are not deductible, and the entity cannot deduct taxes based on or measured by income.

Available for 2026. HB 149 of 2021 lets partnerships and S corporations elect each year to pay tax at the entity level for taxable years beginning on or after January 1, 2022, and the law has no end date. New to PTET? See how the election works.

Deadlines

These dates are for a calendar-year business. Pay at least two business days early, since state payment sites slow down on deadline days.

Electing, step by step

Deadline: By the due date of the 2026 Form 700 or Form 600S, including extensions granted: March 15, 2027, or September 15, 2027 with a federal extension. The election becomes irrevocable once that due date passes.

Start with 2025 Georgia Form 700, from the Georgia Department of Revenue.

1. Open the 2026 Form 700 (partnerships) or Form 600S (S corporations).
2. In the header of page 1, check the box 'Partnership elects to pay the tax at the entity level' on Form 700, or 'S Corporation elects to pay the tax at the entity level' on Form 600S.
3. Complete the entity-level tax schedules: Schedules 1 and 3 on Form 700, or Schedule 1 on Form 600S.
4. File the return by its due date, including extensions (March 15, 2027, or September 15, 2027 with a federal extension). The election binds all owners and becomes irrevocable once that due date passes.

1

Paying the tax, step by step

Electing entities pay estimated tax like a C corporation on Form 602-ES or through the Georgia Tax Center if net income is expected to exceed $25,000. For a calendar-year 2026 entity, installments are due April 15, June 15, September 15, and December 15, 2026. Underpayment is charged at 9% per year, computed on Form 600 UET.

What you need

• Nothing to set up. Georgia Tax Center (GTC) takes payments without an account.
• The business's FEIN or Georgia tax ID.
• The installment amount for the quarter.
• The business bank account routing and account numbers, or a card (a convenience fee applies).

Start at Georgia Tax Center (GTC), Georgia's official site.

1. Go to the Georgia Tax Center and, under Tasks, select Make a Quick Payment. No GTC login is required for a quick payment.
2. Set the customer type to Business and choose the business's income tax account type.
3. Indicate whether there is a payment number, then enter the business's identifying information.
4. Complete the payor and payment information (estimated payment or return payment for the 2026 tax year), review, and submit.
5. Record or print the confirmation number. Payers who mail a check use Form 602-ES for estimates; quarterly payments over $10,000 must be made electronically.

Filing the return: Form 700 (partnerships) or Form 600S (S corporations), due March 15, 2027 for calendar year 2026. With a federal extension, Form 700 is due September 15, 2027, and an S corporation can file Form 600S by October 15, 2027 without a late filing penalty. Tax is still due March 15, 2027 (paid with Form IT-560C if extended).

Claiming the credit

Owners do not recognize their share of income on which the entity paid Georgia tax. On Form 500, they subtract it on Schedule 1, Line 12 (description PTEDED) and add back any entity-level loss on Schedule 1, Line 5 (description PTEADD). There is no credit for the Georgia tax paid by the entity.

Good to know

• An electing entity does not file a composite return (Form IT-CR) for nonresident owners and is exempt from nonresident member withholding. A prior composite overpayment cannot be applied to the electing entity's return, but it can be refunded on request.
• Owners' own estimated payments cannot be transferred to the entity, but the entity can compute its underpayment penalty on Form 600 UET as if those payments had been made.
• Credits and net operating losses stay with the electing entity, even in later years without an election, unless the entity irrevocably elects to pass a credit through for the year it is generated.
• For a first election year, the DOR FAQ says the prior-year safe harbor assumes prior-year tax equal to 5.75% of prior-year income. That figure is the rate in effect before 2024 and the FAQ has not been updated.
• Owners' basis is computed as if no election were made, except that their share of the entity-level tax is taken into account.
• Paying your personal Georgia estimates? See how to pay Georgia estimated taxes.
• Business in more than one state? Each state has a guide of its own.

Official sources

Checked October 2026 against the Georgia Department of Revenue's own publications and O.C.G.A. Section 48-7-21(b)(7)(C) (S corporations) and Section 48-7-23(b) (partnerships), added by HB 149 of 2021; rate tied to Section 48-7-20(a.1) by HB 1023 of 2024.

• Georgia DOR HB 149 Pass-Through Entity Tax FAQ
• HB 149 (2021), as signed (creates the election)
• HB 1023 (2024), as signed (ties entity rate to individual rate; corporate filing grace month)
• HB 463 (2026), as signed (4.99% rate for 2026)
• 2025 IT-711 Partnership Income Tax instructions booklet (Form 700)
• 2025 IT-611S S Corporation Income Tax instructions booklet (Form 600S)
• 2025 Georgia Form 700 (entity-level election box)
• 2025 Georgia Form 600S fillable (entity-level election box)
• Georgia DOR How do I make a tax payment
• Georgia DOR Make a Quick Payment (GTC steps)

This guide is for general education and reflects rules as of October 2026. Tax law and agency websites change, and your situation may have details that change the answer. Please talk with your tax professional before acting on it.