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Georgia Issues Proposed State HTC Rule Change

Tuesday, October 13, 2015 - 2:00PM

The Georgia Department of Revenue has issued a proposed rule change for its state historic tax credit (HTC) program. The proposed rule reflects the changes enacted in H.B. 308, which expanded the tax credit program from a $300,000 ceiling to $5 million for most projects and $10 million for others that meet a higher threshold.  The changes also allow for the sale or transfer of the Georgia HTCs. Comments on the proposed rule are due Nov. 17 and H.B. 308 goes into effect Jan. 1, 2016.

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