TITLE 48
REVENUE AND TAXATION
ARTICLE 13
AD VALOREM TAXATION OF QUALIFIED TIMBERLAND PROPERTY
48-5-600. (For effective date, see note.) Definitions.
As used in this article, the term:
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"Bona fide production of trees" means the good faith, real, actual, and genuine production of trees for commercial uses.
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"Qualified owner" means an individual or entity that meets the conditions of Code Section 48-5-603.
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"Qualified timberland property" means timberland property that meets the conditions of Code Section 48-5-604.
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"Timberland property" means tangible real property that has as its primary use the bona fide production of trees for the primary purpose of producing timber for commercial uses.
(Code 1981, §48-5-600, enacted by Ga. L. 2018, p. 119, § 5/HB 85.)
Editor's notes.
- For information as to the effective date of this Code section, see the delayed effective date note at the beginning of this Article.