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Georgia Department of Revenue
Local Government Services Division

Application For Freeport Exemption Inventory

Form: PT-50PF
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.  Property tax 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.  Click here for more information.
Submit To: The Board of  Tax Assessors
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:
  • Raw materials and goods in process of manufacture
  • Finished goods produced in Georgia within the last 12 months
  • 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.