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Georgia Governor Signs Law Extending State HTC By One Year

Tuesday, May 11, 2021 - 4:00PM

Georgia Gov. Brian Kemp signed legislation extending the state’s historic tax credit (HTC) by one year and providing a statewide cap for projects earning $300,000 or less. S.B. 6 extends the sunset date of the state HTC until Dec. 31, 2022, and establishes a $5 million statewide cap for all projects earning $300,000 or less. There was previously no cap on those credits.

The 2020 Novogradac Historic Rehabilitation Handbook provides an overview of the HTC and the intricacies of the incentive, including the interaction of state and federal credits.

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