NOTICE: INVENTORY MUST STILL BE REPORTED !
Georgia Voters in November 2010 approved exempting all inventory of a business from state ad valorem tax. This does not however exempt this same inventory from local (county, city, school, etc.) ad valorem tax. Business personal property inventory REMAINS TAXABLE for the county, school, municipal, etc. purposes. Businesses that fail to timely report inventory will be subject to appropriate penalties.