Personal Property

Georgia Statutes

Georgia statutes and regulations require that all aircraft, boats, and tangible business personal property (furniture, fixtures, equipment, inventory, etc.) be reported annually. Failure to file timely subjects the owner to possible penalties, loss of depreciation, and exemptions, if applicable.

Freeport Exemptions

Freeport Exemptions for manufactured goods and items destined for shipment to a final destination outside the State of Georgia may be available. This exemption requires an annual timely application to receive full or partial benefits. Freeport is separated into three categories:

  • Raw Materials and Goods in Process
  • Finished Goods
  • Out of State Shipments