Georgia Code
Part 1 - Tax Exemptions
§ 48-5-41.2. Exemption From Taxation of Personal Property in Inventory for Business

All tangible personal property constituting the inventory of a business shall be exempt from state ad valorem taxation.
History. Code 1981, § 48-5-41.2 , enacted by Ga. L. 2009, p. 674, § 1/HB 482; Ga. L. 2010, p. 878, § 48/HB 1387.
Editor’s notes.
The state-wide referendum (Ga. L. 2009, p. 674, § 1/HB 482), which enacted this Code section, was approved by a majority of qualified voters at the November 2, 2010 general election, and took effect January 1, 2011.
The state-wide referendum (Ga. L. 2010, p. 878, § 48(7)/HB 1387), provides that the 2010 amendment becomes effective on January 1, 2011, but only if an Act found at Ga. L. 2009, p. 674, is approved in a state-wide referendum conducted on the date of the November, 2010 state-wide general election. Ga. L. 2009, p. 674, was approved by a majority of the voters voting at the November 2, 2010 general election.

Structure Georgia Code