Georgia HB 482 Inventory Tax Relief

Gov. Sonny Perdue signed HB 482 into law this week, which gives hope for inventory tax relief in Georgia. Removal of this tax has been one of CSA’s top legislative priorities. The bill calls for a statewide referendum to vote the tax up or down. Unfortunately, the vote only pertains to the state’s portion of the inventory tax, which is 10-15% of the total inventory tax, depending on the county. The lion’s share of this tax is levied by counties.

If the referendum is successful, then our next priority will be to eliminate the county portion of this tax.