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Georgia Adopts Amendments to Allow Taxpayers to Get Remainder of State HTCs that Were Denied or Prorated Since 2017

Thursday, January 20, 2022 - 11:00AM

The Georgia Department of Revenue adopted amendments to regulations concerning the state historic tax credit (HTC) for taxpayers who were previously denied or granted prorated credits for a structure that earned more than $300,000 due to the overall state cap being met for any of the past five years. The updated regulations allow those taxpayers who met the standards for the HTCs to submit electronic Form IT-RHC-AP for the additional credit amounts this year.

The Novogradac Introduction to Historic Tax Credits booklet provides an introduction to the basics of the HTC incentive, including the interaction of the state and federal credits.

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