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GA HB935
Bill
Status
Passed
5/3/2016
Primary Sponsor
Brett Harrell
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AI Summary
- Adds "fulfillment centers" as a new category of property eligible for Georgia's Level 1 freeport exemption from ad valorem (property) taxation, covering stock in trade stored at such centers as of January 1
- Defines "fulfillment center" as a Georgia business location used to pack, ship, store, or process tangible personal property sold by electronic, Internet, telephonic, or other remote means, provided customers cannot purchase or receive goods onsite
- Defines "stock in trade of a fulfillment center" as goods, wares, and merchandise held for sale when stored at a fulfillment center, distinguishing it from "stock in trade of a retailer," which remains excluded from the freeport exemption
- Limits the fulfillment center exemption to a maximum of 12 months from the date property is stored in Georgia, with inventory tracked using a first-in, first-out accounting method
- Requires fulfillment centers claiming the exemption to maintain official books and records—including dates of receipt and withdrawal of property—open at all times to inspection by state and local taxing authorities
Legislative Description
Ad valorem tax; properties eligible for a freeport exemption; add certain fulfillment centers
Last Action
Effective Date
7/1/2016
Full Bill Text
No bill text available