Income tax; rehabilitation of certified structures; increase amount of tax credits
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
House Bill 376 aims to encourage the rehabilitation of older buildings in Georgia by increasing the amount of tax credits available to property owners who renovate certified structures. The bill modifies the state’s income tax code to provide greater financial incentives for these renovations, which can help preserve historic buildings and improve the condition of existing structures. This will be achieved by increasing the existing tax credit amounts for qualified rehabilitation projects. The bill is currently awaiting executive action.
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