[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-189405-105":3,"detail-sidebar-cat-1-en-105":80,"doc-detail-189405-en":126},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":73,"head_meta":75,"extra_data":77,"updated_unix":79},105,"en","tangible-personal-property-tax-return-and-schedules-pt-50p-instructions","Tangible Personal Property Tax Return and Schedules - PT-50P - Instructions","","Instruction sheet for the first three pages of the Georgia business personal property tax return (PT-50P). Covers required actions when taxpayer name or address changes, filing deadlines to avoid a 10% penalty, fair market value requirements under Georgia law, and how to transfer totals from Schedules A, B, and C. Includes page-two guidance on completing general and reference information for public inspection and key laws/exemptions, and page-three schedule A valuation methods, cost approach rules, IRS Publication 946 class-life grouping, depreciation grouping examples, and required supporting asset listings for verification.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/forms/","Forms",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/tangible-personal-property-tax-return-and-schedules-pt-50p-instructions/189405/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/tangible-personal-property-tax-return-and-schedules-pt-50p-instructions/189405.png","ImageObject",442,249,{"name":42,"@type":43},"Hazel","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-09-25","2026-09-03",true,{"@type":52,"interactionType":53,"userInteractionCount":30},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What must be updated if the taxpayer name or address is incorrect on the return?","Question",{"text":62,"@type":63},"Provide the correct taxpayer name and address in the space provided.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"How is fair market value handled for the return values?",{"text":67,"@type":63},"The return must be based on fair market value as required by Georgia law. If the schedule values do not reflect fair market value, the taxpayer may list their opinion and must attach reasons for the change.",{"name":69,"@type":60,"acceptedAnswer":70},"Which guidance should be used to determine the economic life group for assets?",{"text":71,"@type":63},"Use IRS Publication 946 Appendix B (Table of Class Lives and Recovery Periods) to determine the economic life group for ad valorem tax purposes, and do not use ACRS or MACRS for this purpose.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},189405,1790195793,{"code":4,"msg":81,"data":82},"success",[83,88,93,98,103,108,112,117,122],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},11,"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":110,"slug":111},17,40,"forms",{"id":113,"doc_module":22,"doc_module_name":25,"category_name":114,"show_sort_weight":115,"slug":116},18,"Letters",30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":109,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":30,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":26},137441390410,"https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984","| INSTRUCTION SHEET |  |  |  |\n| --- | --- | --- | --- |\n| INSTRUCTIONS FOR PAGE ONE-BUSINESS PERSONAL PROPERTY TAX RETURN |  |  |  |\n| 1. If taxpayer name or address has changed or is incorrect, provide correct name and address in the space provided.\u003Cbr>2. To avoid a 10% penalty on assets that have not been previously returned, this return must be filed no later than date listed under the due date column on page one.\u003Cbr>3. Taxpayer return value: Georgia Law (O.C.G.A.§ 48-5-6) requires the taxpayer to return property at its fair market value. If the values indicated from Schedules A, B, or C do not in your opinion reflect fair market value, you may list your opinion here. Attachments must be provided by you listing the reasons for change.\u003Cbr>4. Value from Schedule A, B, & C: Schedules A, B, & C should be completed and the total values from these schedules should be listed in this column.\u003Cbr>5. Taxpayers Declaration: This declaration must be signed by the taxpayer or agent and dated in order for this to be a valid return. |  |  |  |\n| INSTRUCTIONS FOR PAGE TWO-GENERAL INFORMATION AND IMPORTANT INFORMATION |  |  |  |\n| 1. The information requested in the general information section is very important. This area should be completed in detail. The information in this section is open for public inspection.\u003Cbr>2. The information found in the reference information section may be of great interest to the taxpayer. This section contains information about various laws and exemptions that may be available to the taxpayer. |  |  |  |\n| INSTRUCTIONS FOR PAGE THREE-SCHEDULE A-FURNITURE / FIXTURES / MACHINERY / EQUIPMENT |  |  |  |\n| 1. This section provides for the uniform calculation of value for all assets of the business owned on January 1 of this year. Expensed assets as well as capitalized assets should be listed and valued using indicated schedule. Leasehold improvements personal property in nature and trade fixtures should also be reported on this schedule. Leasehold improvements such as walls, doors, floor covering, electrical, plumbing, heating and air distribution systems, ceiling and lighting that are attached to and form an integral part of the building should not be reported as personal property.\u003Cbr>2. The indicated basic cost approach value of assets for tax purposes is computed by multiplying the total adjusted original cost new by the composite conversion factor of each year’s acquisition listed in the appropriate economic life group. Cost amounts are subject to audit. Cost should include installation, trade-in allowances, sales tax, investment credits, transportation, etc.\u003Cbr>3. Internal Revenue Service Publication 946 “How to Depreciate Property” Appendix B-Table of Class Lives and Recovery Periods-column headed “Class Life in Years”, should be used for determining the economic life group of an asset for Ad Valorem Tax purposes. See\u003Cbr>examples of economic life groups listed below. ACRS and MACRS should not be used for determining the economic life of an asset for Ad Valorem Tax purposes.\u003Cbr>4. Deduct cost of items disposed of or transferred out from the cost of assets acquired during the corresponding year; add cost of items transferred in.(Disposals include only those items which have been sold, junked, transferred or otherwise no longer located at the business on January 1, this year) . List disposals and items transferred in or out and reasons for disposals or transfer on page 4 under sections three or four.\u003Cbr>5. A copy of the most current asset listing indicating the date of acquisition, original cost, and description of each asset should be submitted with this schedule. If an asset listing is not available please submit a copy of your most current I. R.S. form 4562 Depreciation Schedule and all supplemental schedules utilized to develop depreciation deduction for A.C. R.S. assets and assets listed under the column headed “Other Depreciation” as well as supplemental depreciation schedule used for M.A.C. R.S. assets. T","cbCaivyT7C8Vxttm","https://ap.wps.com/l/cbCaivyT7C8Vxttm","pdf",426573,6,"English","# Instructions for Page One - Business Personal Property Tax Return\n# Instructions for Page Two - General Information and Important Information\n# Instructions for Page Three - Schedule A - Furniture / Fixtures / Machinery / Equipment\n## Depreciation Grouping Examples","[{\"question\":\"What must be updated if the taxpayer name or address is incorrect on the return?\",\"answer\":\"Provide the correct taxpayer name and address in the space provided.\"},{\"question\":\"How is fair market value handled for the return values?\",\"answer\":\"The return must be based on fair market value as required by Georgia law. If the schedule values do not reflect fair market value, the taxpayer may list their opinion and must attach reasons for the change.\"},{\"question\":\"Which guidance should be used to determine the economic life group for assets?\",\"answer\":\"Use IRS Publication 946 Appendix B (Table of Class Lives and Recovery Periods) to determine the economic life group for ad valorem tax purposes, and do not use ACRS or MACRS for this purpose.\"}]","Tangible Personal Property Tax Return and Schedules - PT-50P - Instructions | PDF",1788396583]