State Tax Incentives Additional Resources
State Income Tax Credit Program for Rehabilitated Historic Property
Program Overview
Provides...
A state income tax credit equaling 25% of qualifying rehabilitation expenses
Capped at...
- $100,000 for a principal residence.
- $5 million or $10 million for all other properties.
Only If...
- The property is listed in, or eligible for, the National / Georgia Register of Historic Places, either individually or as part of a National/Georgia Register Historic District.
- Or, for Historic Home (owner occupied) properties, either contributing to a local district or locally designated as a historic property
- AND The project meets the DCA’s Standards for Rehabilitation
- AND the project meets the definition of a rehabilitation https://rules.sos.state.ga.us/GAC/110-37-6-.01
- AND the project meets the threshold for a substantial rehabilitation
Program Documents
-
Georgia
State Income Tax Credit Program Fact Sheet
-
Georgia
State Preferential Property Tax Assessment Program Fact Sheet
-
Locally
Designated HTC FAQ
-
SITC
- Local Designation Confirmation Form
How to apply...
In order to apply for the Georgia State Income Tax Credit program, HPD needs several items to review your project All items are accepted through the NRTigers application portal. Please see Application Process Document for Instructions to set up an account and apply. Applications for the Preferential Property Tax Assessment are submitted on the same portal.
Digital Application Process
-
Digital
Application Instructions when applying for state and federal incentives
-
Digital
Application Instructions when applying for state credits ONLY
Part A/Preliminary Certification Requirements:
- Property Information
- Statement of Significance
- Description of the Property
- Proposed Work Descriptions
- Pre-rehab photographs (of the entire property, inside and out. See:
HPD's
Photo Guide
- Photo Key (copy of a floor plan keyed to show where photos were taken. See:
HPD's
Photo Guide
- Pre-rehab floor plan of the building
- Proposed floor plan of the building
- If applying under a local district -
Local
Designation Confirmation Form
NOTE: If applying for the Historic Home Credit as a property listed ONLY as part of a local historic district or locally designated individually, a Local Historic District Confirmation Form must be submitted with your Part A application to ensure that the historic home is designated as a historic property or contributing to a district under local law.
Part B/Final Certification Requirements:
- Property Information
- Post-rehab photographs (of the entire property, inside and out. See:
HPD's
Photo Guide
- Photo Key (copy of a floor plan keyed to show where photos were taken. See:
HPD's
Photo Guide
- Post-rehab floor plan of the building
As additional information becomes available, including changes to proposed work, applicants must submit an Amendment to the project in the application portal.
Warning: For projects that are initially submitted as substantially complete, lack sufficient information for our review, or do not comply with DCA’s assigned conditions included in our project review letter, the use of tax incentives may be precluded.