Revenue and taxation; rehabilitation of historic structures; revise tax credit
Summary
A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, so as to revise a tax credit for the rehabilitation of historic structures; to authorize the credit to be claimed in the taxable year the year a certificate of occupancy is obtained for certain preapproved rehabilitations; to provide for related matters; to repeal conflicting laws; and for other purposes.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Apr 2025
Signed into Law
May 2025
Introduced Feb 10, 2025
Signed May 14, 2025
Maddy AI version diff · 3 comparisons
What changed between versions
LC 50 1163S/hcs
→
HB 360/AP*
·
3 edits
MINOR
The bill was amended to reduce the tax credit percentage for certain historic structure rehabilitations and to change the deadline for obtaining a certificate of occupancy from December 31, 2026 to July 1, 2026. The scope of eligible years was also narrowed from three years (2027-2029) to two years (2027-2028).
Scope change
The bill now applies only to tax years 2027 and 2028, reducing the number of eligible years from three to two.
TIMELINE
The deadline for obtaining a certificate of occupancy was changed from December 31, 2026 to July 1, 2026.
FISCAL
Tax credits for properties preapproved for 2027 are now capped at 90% of the standard amount, and credits for properties preapproved for 2028 are capped at 85% of the standard amount.
ELIGIBILITY
The number of eligible tax years for claiming preapproved tax credits was reduced from three years (2027, 2028, 2029) to two years (2027, 2028).
Floor votes · Senate Apr 4, 2025 · House Mar 6, 2025
How they voted
48–7
Passed
Total votes 55
Apr 4, 2025
D
Democratic22
86% Yea
R
Republican33
87% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
6
Committee
3
Amendments
1
May 14, 2025
Signed into law
Act 262
upper
May 14, 2025
Signed into law
House Date Signed by Governor
lower
Apr 4, 2025
Introduced
House Agreed Senate Amend or Sub
lower
Apr 4, 2025
Upper · Passed
Senate Reconsidered Passed/Adopted As Amended
upper
Mar 13, 2025
Upper · Passed
Senate Committee Favorably Reported
upper
Mar 10, 2025
Committee
Senate Read and Referred
upper
Mar 6, 2025
Lower · Passed
House Passed/Adopted By Substitute
lower
Feb 26, 2025
Lower · Passed
House Committee Favorably Reported By Substitute
lower
Feb 10, 2025
Introduced
House Hopper
lower
6 primary · 0 co-sponsors
Sponsors
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