On December 21, the Fulton County Board of Commissioners approved a 100% Freeport exemption for E-commerce Fulfillment Centers in Fulton County. This allows inventory of e-commerce distribution centers to be fully exempted from Fulton County ad valorem (property) taxes.
On November 8, 57% of Fulton County voters approved expansion of Freeport Exemptions as allowed by HB 935, adopted by the General Assembly in 2016.
Across the state, growth in e-commerce is expected to attract more companies to local communities. Fulton Countyâ€™s extensive logistic network, availability of land and a skilled workforce make it an attractive location for many businesses, including E-Commerce businesses.
â€śThe Freeport Tax Exemption is expected to ignite job growth in Fulton County by targeting the e-commerce industry that will be a vital economic engine for decades to come,â€ť says Fulton County District 1 Commissioner and Commission Vice-Chairman Liz Hausmann. â€śThis new incentive will make Fulton County very attractive to this industry of the future.â€ť Vice Chairman Hausmann serves as the Board of Commissionersâ€™ Executive Sponsor for Economic Opportunity priority area.
"This exemption is a great incentive that will continue attracting companies to Fulton County and spur economic development," said Fulton County Chairman John Eaves. "Business investment translates into jobs and tax dollars that benefit all of us."
Fulton County already offers 100% Freeport Tax Exemption for several categories of goods, including:
- Inventory of goods in the process of manufacture or production including finished goods and raw materials held for direct use or consumption in the taxpayer's manufacturing or production business in the State of Georgia.
- Inventory of finished goods manufactured or produced within the State of Georgia in the ordinary course of the taxpayer's manufacturing or production business when held by the original manufacturer or producer of such finished goods.
- Inventory of finished goods which, on January 1, are stored in a warehouse, dock, or wharf, whether public or private, and which are destined for shipment to a final destination outside the State of Georgia and inventory of finished goods which are shipped into the State of Georgia.
â€śWith the expansion of the Freeport Exemption, Fulton County will maintain its position as the leading destination for E-commerce jobs and investmentâ€ť, said Al Nash, CEO of Select Fulton.