25 LC 50 1051
House Bill 360
By: Representatives Efstration of the 104
th
, Stephens of the 164
th
, Jones of the 25
th
, Blackmon
of the 146
th
, Williamson of the 112
th
, and others
A BILL TO BE ENTITLED
AN ACT
To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated,
1
relating to income tax imposition, rate, computation, exemptions, and credits, so as to revise2
a tax credit for the rehabilitation of historic structures; to authorize the credit to be claimed3
in the taxable year the year a certificate of occupancy is obtained for certain preapproved4
rehabilitations; to provide for related matters; to repeal conflicting laws; and for other5
purposes.6
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:7
SECTION 1.8
Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to9
income tax imposition, rate, computation, exemptions, and credits, is amended in Code10
Section 48-7-29.8, relating to tax credits for the rehabilitation of historic structures, by11
adding a new subsection to read as follows:12
"(b.1) Notwithstanding the provisions of subsections (b) and (c) of this Code section, any
13
taxpayer that was preapproved by the commissioner to claim tax credits pursuant to this14
Code section for certified structures other than historic homes before December 31, 2026,15
and obtains a certificate of occupancy for such certified structure on or before16
H. B. 360
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December 31, 2026, shall be authorized to claim the tax credits allowed pursuant to this17
Code section in the first taxable year for such taxpayer beginning on or after18
January 1, 2026."19
SECTION 2.20
All laws and parts of laws in conflict with this Act are repealed.21
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