Property Tax Alert: Georgia

June 2006

For the period beginning January 1, 2007, and ending December 31, 2008, watercraft that is owned by a dealer and held in inventory for sale or resale will be exempt from Georgia property taxation. "Watercraft" means any vehicle that is self-propelled or that is capable of self-propelled water transportation, or both. "Dealer" means any person who is engaged in the business of selling watercraft at retail.

Please contact Rash & Associates for more information.