Upon review of the Georgia Seller’s Certificate of Exemption (our Cx1010), Docutech has determined that an update is in order. Ga. Code Ann. § 48-7-128 allows for an exemption for withholding requirements upon sale or transfer of real property to nonresidents. GA provides a model form found here: https://dor.georgia.gov/it-aff3-sellers-certificate-exemption
Docutech has updated its Cx1010 to match the model form as provided by the GA Department of Revenue. The change modifies the revision number of the document and adds a statement “For taxable years of the seller beginning on or after 1-1-2022, the seller qualified for and has made or intends to make the election to be taxed at the entity level as provided by O.C.G.A Section 48-7-21 or 48-7-23.”
These changes will be in effect on April 22, 2022. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.