Georgia Low Income Housing Tax Credit

Georgia Low Income Housing Tax Credits Summary

  • Applicable against income taxes of any taxpayer and insurance gross premiums taxes.
  • May offset 100% of taxpayer’s liability.
  • Excess credits carry forward for three years.
  • Credits can be purchased in one to five year increments – though one year purchases typically make the most sense.
  • Great for corporations or individuals subject to the AMT or regular income tax.
  • One-third of credits subject to recapture though that is not an issue because taxpayer is invested in a diversified portfolio of these credits.