Macon-Bibb County Board Of Tax Assessors 688 Walnut Street, Suite 200, Macon GA 31201 | Phone: (478) 200-5550 | Fax: (478) 910-2332

PT-50PF | Application For Freeport Exemption Inventory

To accompany the Business Personal Property Tax Return when filing for freeport exemption in a county/city that has passed freeport.

Who Should File:
Businesses desiring freeport exemption in the counties and municipalities where available.
When to File:
The same time property tax returns are due in the county. Returns are required to be filed by April 1. After these dates freeport applications can be filed until June 1, but with a partial exemption.
Submit :
Macon-Bibb County Board of Tax Assessors
688 Walnut Street, Suite 200, Macon, GA 31201
Instructions:
To accompany the Business Personal Property Tax Return (Form PT-50P) when filing for freeport exemption. Inventory is reported at full cost at level of trade as of January 1. Property subject to freeport exemption includes:
1. Raw materials and goods in the process of manufacture
2. Finished goods produced in Georgia within the last12 months
3. Finished goods stored in Georgia no longer than 12 months and destined for shipment out-of-state
Note: Normally, manufacturers would not apply for inventory exemption based on percentage shipped out-of-state as this would be for wholesale distributors. For more instructions see form PT-50PF.