Georgia PTET 2026: deadline, rate, who can elect
Georgia (GA), tax year 2026, from the same rules the connector returns. 2025 is below for comparison. Last verified October 24, 2026.
Informational. Not tax advice.
Elective PTET
Yes
The elective entity-level tax continues. The partnerships page says there is income tax on partnerships and that an entity-level election requires estimated payments.
Who can elect
An S corporation or a partnership. Partnerships may elect regardless of ownership for years beginning on or after January 1, 2023. A single-member LLC not taxed as a partnership or an S corporation cannot elect.
The HB 149 FAQ is the eligibility source. No 2026 eligibility change was stated on the pages reviewed.
How the election is made
Annual irrevocable election on the S corporation or partnership return, by the due date or extended due date, binding on all owners. Do not file a composite return in an election year.
The FAQ names Form 600S and Form 700. The 2025 booklets use IT-611S and IT-711. A 2026 booklet was not the source for the form number.
Election deadline
The due date of the return, including extensions.
The election is made on the return.
Rate
4.99 percent.
The Department's important-updates page says the Georgia income tax rate has been reduced to a flat 4.99 percent. The 2025 booklets say the entity-level rate equals the individual rate for the year the period begins and is not prorated. The partnerships page states a 4.99 percent income tax on partnerships.
Owner relief
Exclusion, not a credit. Form 500 Schedule 1, line 5, description PTEADD, for the allocable share of entity-level loss, and line 12, description PTEDED, for income taxed at the entity level.
Owners do not get a Georgia credit for Georgia tax on income taxed at the entity level. The FAQ's other-state rules apply to income that is not taxed at entity level. Credits and net operating losses generally stay with the entity, with the irrevocable credit pass-through election the FAQ describes, which is unavailable for the three education and rural-hospital credits named there.
Estimates
Required when the business elects to pay tax at the entity level. The 2026 partnerships page does not restate a dollar threshold.
The 2025 IT-711 booklet stated $25,000 of reasonably expected net income. That figure is not restated for 2026 on the page reviewed, so it is not used as a 2026 rule. The FAQ still describes Form 602-ES, or GTC when Rule 560-3-2-.26 requires it, and says owner estimates cannot be moved to the entity.
Sunset or repeal
No sunset date is stated in the HB 149 FAQ.
The election has been available for years beginning on or after January 1, 2022.
Still open in the source review
- The legislative summaries do not state the annual IRC 168(k) or 168(n) add-back and subtraction lines.
- IRC 179 dollar caps are not stated.
- The 2026 partnerships page says estimates are required when the entity elects and does not restate the 2025 booklet's $25,000 threshold.
Sources for this year
2025
Last verified October 24, 2026.
Elective PTET
Yes
Georgia's elective entity-level income tax is available for years beginning on or after January 1, 2022.
Who can elect
An S corporation or a partnership. For a year beginning on or after January 1, 2023, a partnership may elect regardless of ownership. A single-member LLC that is not taxed as a partnership or an S corporation cannot elect.
The 2022-only rule that a partnership be owned entirely by persons eligible to be S corporation shareholders does not apply to 2025. Persons can include certain estates and grantor trusts, as the FAQ describes.
How the election is made
An annual irrevocable election, binding on all owners including nonresidents, made by checking the box and completing the schedules on the S corporation or partnership return by the due date or the extended due date.
The HB 149 FAQ names Form 600S and Form 700. The 2025 booklets are IT-611S and IT-711. Do not file a composite return in an election year.
Election deadline
The due date of the entity return, including extensions.
The election is annual and irrevocable. It is made on the return, not by a separate prepayment election.
Rate
5.19 percent.
The 2025 IT-711 and IT-611S booklets state the entity-level rate equals the individual rate for the year the period begins and is not prorated. Both booklets state 5.19 percent for 2025.
Owner relief
Exclusion, not a credit. On Form 500 Schedule 1, the allocable share of entity-level loss is line 5, description PTEADD, and the allocable share of income taxed at the entity level is line 12, description PTEDED.
Owners are not eligible for a Georgia credit for taxes paid to Georgia on income taxed at the entity level. Income that is not taxed at entity level follows the other-state credit and adjustment rules in the FAQ, O.C.G.A. sections 48-7-28 and 48-7-27(d). The entity cannot deduct taxes measured by income. Credits and net operating losses stay with the entity if it does not elect in a later year, except an irrevocable election to pass through credits generated in the election year. That pass-through election is not available for the Qualified Education Expense credit, the Qualified Education Donation credit, or the Qualified Rural Hospital Expense credit. Net operating losses are treated as they are for C corporations under Ga. Comp. R. & Regs. 560-7-3-.06.
Estimates
A partnership that elects must pay estimates like a corporation if net income can reasonably be expected to exceed $25,000.
The 2025 IT-711 booklet is the source of the $25,000 figure. The FAQ says estimates are made in the same manner as a C corporation, on Form 602-ES, or by GTC if Rule 560-3-2-.26 requires it. Owner estimates cannot be transferred to the entity.
Sunset or repeal
No sunset date is stated in the HB 149 FAQ. The election is available for years beginning on or after January 1, 2022.
This records the FAQ reviewed on October 24, 2026.
Still open in the source review
- The legislative summaries do not state the annual IRC 168(k) or 168(n) add-back and subtraction lines.
- IRC 179 dollar caps are not stated. The summaries keep TCJA treatment of the section 179 limitation, with an exception for real property, and do not describe the federal $2.5 million and $4 million amounts.
Sources for this year
Bonus-depreciation conformity is on its own page.