The ballot measure exempted timber equipment from ad valorem property taxes, set to begin on January 1, 2023.

Timber equipment to be exempted from taxes includes equipment owned or held under a lease-purchase agreement by a commercial timber producer that is used for timber harvesting or production. Off-road equipment and attachments used to sever a tree until the point that a tree has been loaded into a field or vehicle for transport are exempt from taxes under the measure. Off-road equipment includes skidders, feller bunchers, debarkers, delimbers, chip harvesters, tub-grinders, wood cutters, chippers, loaders, dozers, mid-motor graders, equipment attachments. The tax exemption does not apply to motor vehicles.

Timber is still taxed under the measure. In Georgia, timber (softwood and hardwood pulpwood, chip-and-saw logs, saw timber, poles, posts, and fuel wood) is assessed at fair market value and taxed at the county millage rate at the time of harvest or sale.