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2022 Georgia Code
Title 48 - Revenue and Taxation
Chapter 5 - Ad Valorem Taxation of Property
Article 10 - Ad Valorem Taxation of Motor Vehicles and Mobile Homes
Part 6 - Aircraft Held in Dealer’s Inventory
§ 48-5-504.20. Exemption for Aircraft Owned by a Dealer and Held in Inventory for Sale or Resale

Universal Citation:
GA Code § 48-5-504.20 (2022)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
  1. As used in this Code section, the term:
    1. “Aircraft” means any vehicle which is self-propelled and which is capable of flight.
    2. “Dealer” means any person who is engaged in the business of selling aircraft at retail.
  2. Aircraft which is owned by a dealer and held in inventory for sale or resale shall constitute a separate classification of tangible property for ad valorem taxation purposes. The procedures prescribed in this chapter for returning aircraft for ad valorem taxation, determining the application rates for taxation, and collecting the ad valorem taxes imposed on aircraft do not apply to aircraft which is owned by a dealer and held in inventory for sale or resale. Such aircraft which is owned by a dealer and held in inventory for sale or resale shall not be returned for ad valorem taxation and shall not be taxed; and no taxes shall be collected on such aircraft until it is transferred and then otherwise, if at all, becomes subject to taxation as provided in this chapter.

History. Code 1981, § 48-5-504.20 , enacted by Ga. L. 2005, p. 1221, § 1/HB 211; Ga. L. 2006, p. 72, § 48/SB 465.

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