Georgia Code
Part 1 - Tax Exemptions
§ 48-5-48.1. Level 1 Freeport Exemption; Application; Filing; Renewal

History. Code 1981, § 48-5-48.1 , enacted by Ga. L. 1982, p. 1101, § 1; Ga. L. 1983, p. 3, § 37; Ga. L. 1984, p. 1371, § 1; Ga. L. 1992, p. 2482, § 1; Ga. L. 1997, p. 963, § 3; Ga. L. 1998, p. 128, § 48; Ga. L. 1998, p. 1120, § 1A; Ga. L. 1999, p. 81, § 48; Ga. L. 2004, p. 464, § 1; Ga. L. 2012, p. 249, § 1/HB 48; Ga. L. 2016, p. 731, § 1/HB 935; Ga. L. 2017, p. 774, § 48/HB 323; Ga. L. 2018, p. 986, § 1/HB 888; Ga. L. 2021, p. 272, § 1/HB 451.
The 2016 amendment, effective July 1, 2016, in subsection (b), deleted “and” at the end of paragraph (b)(2), substituted “; and” for a period at the end of paragraph (b)(3), and added paragraph (b)(4).
The 2017 amendment, effective May 9, 2017, part of an Act to revise, modernize, and correct the Code, substituted “January 1 is stored” for “January 1 are stored” in the first sentence of paragraph (b)(4).
The 2018 amendment, effective May 8, 2018, substituted “summary” for “schedule” in the middle of the first sentence of subsection (a) and near the middle of subparagraph (c)(2)(A); substituted “summary, as prescribed by the department,” for “schedule” near the beginning of paragraphs (b)(1) through (b)(4); in paragraph (c)(1), substituted “completed application” for “application and complete schedule of the inventory” in the first sentence and added the second sentence; substituted “completed application” for “application and schedule” near the middle of the introductory paragraph of paragraph (c)(2), near the beginning of subparagraph (c)(2)(B), and near the end of the last sentence of subsection (e); in subparagraph (c)(2)(B), substituted “completed application is filed” for “application and schedule are filed” in the middle, and substituted “unless such completed application is filed” for “unless the application and schedule are filed” in the proviso; and, in subsection (d), inserted “, not later than 180 days after receiving the application,” in the middle of the second sentence and added the last sentence.
The 2021 amendment, effective May 4, 2021, added subsection (f).
Editor’s notes.
Ga. L. 1997, p. 963, § 5, not codified by the General Assembly, provides that the amendment to this Code section is applicable to all taxable years beginning on or after January 1, 1998.
Ga. L. 2012, p. 249, § 5/HB 48, not codified by the General Assembly, provides for severability.
Law reviews.
For article, “Freeport Exemption from Property Taxes for Inventory Stored in Georgia But Destined for Shipment Out-of-State,” see 28 Ga. St. B. J. 108 (1991).

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