Georgia Issues Proposed Rule, Hearing Notice for Change in State HTC Oversight Agency
The Georgia Department of Revenue announced a proposed rule and a hearing to address changes in the department that oversees the state historic tax credit (HTC) incentive. Georgia S.B. 473 changed the certifying agency for the credit from the Georgia Department of Natural Resources to the Georgia Department of Community Affairs. The remote hearing will be March 23 at 10 a.m. ET.
Novogradac’s Historic Tax Credit practice provides guidance on tax, compliance and structuring issues for federal and state HTC developments.