Georgia Historic Rehabilitation Tax Credit

Georgia Historic Rehabilitation Tax Credits Summary

  • Applicable against the Georgia income tax liability of any individual, corporation or trust.
  • May offset 100% of a taxpayer’s liability.
  • Excess credits carry forward for ten years.
  • Credits purchased in one year increments.
  • Recapture is the responsibility of the developer and specifically stated in the statute.
  • Credits can be used in the year they are purchased; the year they were created or any year in between to the extent it doesn’t surpass the 10 year carry-forward rule.