Sign Up For Novogradac Industry Alert Emails

Georgia Legislation Would Extend Sunset Date, Expand Cap for State HTC

Wednesday, February 21, 2024 - 10:32AM

Legislation introduced in the Georgia House of Representatives would extend the sunset date and increase the annual statewide cap for the state historic tax credit (HTC). H.B. 1116 would increase the statewide cap from $30 million to $60 million per year and decrease the cap for historic homes from $25 million to $5 million. The legislation would extend the deadline for all HTCs except for historic homes by one year to Jan. 1, 2029, and extend the sunset date for the historic home credit from Jan. 1, 2025, to Jan. 1, 2035. The bill would also allow the tax credit to be carried forward up to five years after the rehabilitation is completed.

The Novogradac Introduction to Historic Tax Credits booklet includes updated guidance for the HTC incentive and updated information on the federal and state HTC.

Learn more about Novogradac's expertise and many services