Committee approves doubling annual cap for historic rehabilitation tax credit with drafting fixes The committee voted to pass HB 376 as amended, increasing the historic rehabilitation tax credit annual cap from $30 million to $60 million with targeted rural incentives and adopting Department of Revenue drafting changes (replace 'issued' with 'approved' and clarify effective dates).

Georgia is set to double its historic rehabilitation tax credit cap to $60 million, aiming to revitalize downtowns and boost rural investments!

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