Georgia § 48-5-41 - 2. Exemption from taxation of personal property in inventory for business.
Full text of Georgia Official Code of Georgia Annotated § 48-5-41 — 2. Exemption from taxation of personal property in inventory for business., with citation guidance and answers to common questions.
§ 48-5-41. 2. Exemption from taxation of personal property in inventory for business.
All tangible personal property constituting the inventory of a business shall be exempt from state ad valorem taxation. (Code 1981, § 48-5-41.2 , enacted by Ga. L. 2009, p. 674, § 1/HB 482; Ga. L. 2010, p. 878, § 48/HB 1387.) Editor's notes. - The state-wide referendum (Ga. L. 2009, p. 674, § 1/HB 482), which enacted this Code section, was approved by a majority of qualified voters at the November 2, 2010 general election, and took effect January 1, 2011. The state-wide referendum (Ga. L. 2010, p. 878, § 48(7)/HB 1387), provides that the 2010 amendment becomes effective on January 1, 2011, but only if an Act found at Ga. L. 2009, p. 674, is approved in a state-wide referendum conducted on the date of the November, 2010 state-wide general election. Ga. L. 2009, p. 674, was approved by a majority of the voters voting at the November 2, 2010 general election.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 48-5-41
What does Official Code of Georgia Annotated § 48-5-41 cover?
Section 48-5-41 ("2. Exemption from taxation of personal property in inventory for business.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 48-5-41?
A common citation format is "Official Code of Georgia Annotated § 48-5-41" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 48-5-41 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.