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Tax Tip Tuesday #31, Georgia Property Tax Freeport Exemption

Published Tuesday, June 2, 2020 8:30 am

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In a recent Georgia Court of Appeals case, Walmart was successful in arguing that self-checkout parts held in a warehouse in Georgia qualified for the Category 3 Freeport Exemption from business personal property tax. Walmart’s argument centered on 2 points:

  1. The parts were considered inventory of finished goods, and
  2. The parts would be shipped to an out-of-state Walmart store within 90 days.

This may expand the definition of Category 3 to include some equipment held in Georgia for shipment out of State.

If you have any business personal property tax questions, please contact Perry Barnett at (770) 287-7800 or pbarnett@rushtonandcompany.com. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!

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