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Georgia Historic Tax Credit Expanded

Monday, May 18, 2015 - 7:00AM

On May 12, Georgia Gov. Nathan Deal signed into law H.B. 308, which revises the state historic tax credit (HTC). The bill expands the definition of a certified HTC structure to include those located within a national historic district or individually listed on the National Register of Historic Places; allows claimed but unused credits to be transferred or sold to another Georgia taxpayer; and increases the maximum credit from $300,000 annually to $5 million annually for certified non-residential structures or $10 million for large developments that meet certain job-creation standards.

Tune in to the May 26 Tax Credit Tuesday podcast to learn more.

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