Georgia personal property tax

Georgia forms and schedules

Form PT-50P - Tangible Personal Property Tax Return
Form PT-50A - Aircraft Personal Property Tax Return
Form PT-50M - Marine Personal Property Tax Return
Form PT-50PF - Application for Freeport Exemption Inventory

Depreciation treatments needed for all GA PPT assets

Associations needed for all GA PPT assets

Situs
: Each asset must have Georgia selected in the
Situs
field to transfer to the Georgia Personal Property Tax return.
Location ID#
: Enter the account number for the location filing the property tax return. A property tax return is created for each different account number entered. This information transfers to the
Account Number
field in Form PT-50P, PT-50A, or the PT-50M and the
Map and parcel I.D. No.
field on Form PT-50P. The maximum number of characters that transfer to the form is 20.
County - GA
: Select the county the asset is located in from the dropdown. A property tax return is created based on the unique combination of the account number and county entered. For Aircraft property type assets, information transfers to the
Airport where aircraft primary home based - county
field in Schedule E on Form PT-50A. For Marine - Boat property type assets, information transfers to the
Georgia county where boat is functionally located 184 days a year or more
field in Schedule D on Form PT-50M. The county entered also transfers to the assessor address on page 1 of Form PT-50P, PT-50A, or PT-50M.
note
The list for this association is maintained by UltraTax CS and Fixed Assets CS and can't be modified.
PPT type - GA
: Select the personal property type for the asset from the dropdown. The property types and the forms they transfer to are listed in the following table.
Property type	Form
Group 1: 5-7 years	Form PT-50P, Schedule A, Group 1
Group 2: 8-12 years	Form PT-50P, Schedule A, Group 2
Group 3: 13+ years	Form PT-50P, Schedule A, Group 3
Group 4: 1-4 years	Form PT-50P, Schedule A, Group 4
Aircraft	Form PT-50A, Schedule E
Avionics and extra equipment	Form PT-50A, Schedule E
Marine - Boat	Form PT-50M, Schedule D
Marine - Motor	Form PT-50M, Schedule D
Federal Documented Vessel	Form PT-50M, Schedule D
note
The list for this association is maintained by UltraTax CS and Fixed Assets CS and can't be modified. If the association fields are left blank or
X - Exempt
is selected, the asset won't transfer to Form PT-50P, PT-50A, or PT-50M.
Orig acq cost (used)
: Enter the original cost of the asset when purchased by its original owner. If the asset is marked as used in the Asset Detail window, this amount transfers to Schedule A on Form PT-50P instead of the amount in the Cost/Basis field in the Book or GA treatment columns.
Orig date in svc (used)
: Enter the original date the asset was first placed in service by its original owner. This date transfers to the
Year Acq
field in Schedule A on Form PT-50P instead of the date entered in the
Date acquired
field on the Other tab of the Asset Detail window.
Fair market value
: Enter the fair market value of the asset. This value will be used as the Taxpayer returned Value on Form PT-50P, PT-50A, and PT-50M.

Additional required associations for GA PPT assets

Aircraft

License/reg/cert#:
Enter the airplane registration number. This information transfers to the
Registration N #
field in Schedule A and Schedule E on Form PT-50A and PT-50M. The maximum number of characters that transfer is 20.
Year built:
Enter the year the asset was built. This information transfers to the
Year Built
field in Schedule A and Schedule E on Form PT-50A. The maximum number of characters that transfer is 4.
Serial #:
Enter the asset's serial number. This information transfers to the
Serial Number
field in Schedule E on Form PT-50A. The maximum number of characters that transfer is 35.
Aircraft - Make/mfr:
Enter the airplane's make or manufacturer. This information transfers to the
MFG. Name: (Make)
field in Schedule E on Form PT-50A. The maximum number of characters that transfer is 25.
Aircraft - Model:
Enter the airplane's model or the mode number. This information transfers to the
Model Name or #
field in Schedule E on Form PT-50A. The maximum number of characters that transfer is 25.
Airframe hours:
Enter the total hours on the airplane's airframe. This information transfers to the
Total Hours on Airframe as of Jan 1
field in Schedule E on Form PT-50A. The maximum number of characters that transfer is 10.
Airport:
Enter the asset's airport location. This information transfers to the
Airport Where Aircraft Primary Home Based - City
field in Schedule E on Form PT-50A. The maximum number of characters that transfer is 20.
Overhaul hrs btwn 1:
Enter the time (in hours) between overhauls for the asset. This information transfers to the
Hour Between Overhauls
field in Schedule E on Form PT-50A. The maximum number of characters that transfer is 10.
Ovrhaul hrs from last:
Enter the time (in hours) since the most recent overhaul. This information transfers to the
Hours Since Last Overhaul
field in Schedule E on Form PT-50A.
Overhaul type:
Enter the type of overhaul most recently completed on the aircraft. Acceptable entries are
major
or
top
. When 1 of these options is entered, the appropriate checkbox is marked for the
Last Overhaul
field in Schedule D on Form PT-50A Schedule D.

Federal Documented Vessels

License/reg/cert#
: Enter the registration number for the vessel. This information transfers to the
Federal Documented Vessel Coast Guard Number
field in Schedule A, and
Coast Guard Number
field in Schedule D (Federal Documented Vessels) on Form PT-50A. The maximum number of characters that transfer is 20.
Length
: Enter the length of the vessel. This information transfers to the
Length
field in Schedule D on Form PT-50M. The maximum number of characters that transfer is 8.
Year built
: Enter the year the vessel was built. This information transfers to the
Year Built
field in the Federal Documented Vessels section in Schedule D on Form PT-50M. The maximum number of characters that transfer is 4.
Hull material
: Enter the hull material of the vessel. This information transfers to the
Hull Material
field in Schedule D on Form PT-50M. The maximum number of characters that transfer is 20.
Home port
: Enter the home port of the vessel. This information transfers to the
Home Port
field in Schedule D on Form PT-50M. The maximum number of characters that transfer is 20.
Marina/dock
: Enter the current docked location of the vessel. This information transfers to the
Where Docked
field in Schedule D on Form PT-50M. The maximum number of characters that transfer is 20.
Vessel - Type/style
: Enter the vessel's type. This information transfers to the
Type and Use of Vessel
field in Schedule D (Federal Documented Vessels) on Form PT-50M. The maximum number of characters that transfer is 25.
Vessel - Usage
: Enter the vessel's use. This information transfers to the
Type and Use of Vessel
field in Schedule D (Federal Documented Vessels) on Form PT-50M. The maximum number of characters that transfer is 25.
Horsepower
: Enter the vessel's horsepower. This information transfers to the
Horsepower and Type of Engine
field in Schedule D (Federal Documented Vessels) on Form PT-50M. The maximum number of characters that transfer is 5.
Boat Motor - Type
: Enter the vessel's engine type. This information transfers to the
Horsepower and Type of Engine
field in Schedule D (Federal Documented Vessels) on Form PT-50M. The maximum number of characters that transfer is 25.

Marine - Boat

Boat - Make/mfr
: Enter the manufacturer or make of the boat. This information transfers to the
MFG. Name (Make)
field in Schedule D on Form PT-50M. The maximum number of characters that transfer is 25.
Boat - Model
: Enter the boat model name or number. This information transfers to the
Model Name or #
field in Schedule D on Form PT-50M. The maximum number of characters that transfer is 25.
Year built
: Enter the year the boat was built. This information transfers to the
Year Built
field in the boat section in Schedule D on Form PT-50M. The maximum number of characters that transfer is 4.
Length
: Enter the length of the boat. This information transfers to the
Length
field in Schedule D on Form PT-50M. The maximum number of characters that transfer is 8.
Hull material
: Enter the hull material of the boat. This information transfers to the
Hull Material
field in Schedule D on Form PT-50M. The maximum number of characters that transfer is 13.
Boat - Type/style
: Enter the boat type. Acceptable entries for this association for Georgia PPT are:
inboard
,
outboard
,
inboard/outboard
,
sailboat
,
pontoon
,
houseboat
,
jet boat
, or
jet ski
. When one of these options is entered, the appropriate checkbox is marked for the
Check Type of Boat
field in Schedule D on Form PT-50M. For other boat types, entering the boat type marks the
Other
checkbox and lists the boat type on the form. The maximum number of characters that transfer is 20.
License/reg/cert#
: Enter the boat registration number.

Marine - Motor