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Tax Tip #31, Georgia Property Tax Freeport Exemption

June 02, 2020

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:

The parts were considered inventory of finished goods, and
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 Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!