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Bill

HB 360

Revenue and taxation; rehabilitation of historic structures; revise tax credit

2025-2026 Regular Session Introduced by Shaw Blackmon and 5 co-sponsors

Georgia revised its historic structure rehabilitation tax credit program to adjust state incentives for preservation projects, effective July 2025.

Effective Date
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Bill Summary · HB 360

Legislative bill overview

HB 360 revises Georgia's tax credit program for the rehabilitation of historic structures, modifying how the state incentivizes preservation and renovation of eligible historic properties. The bill became effective on July 1, 2025, after receiving gubernatorial approval in May 2025. The specific revisions to the tax credit structure, eligibility requirements, or credit amounts were not detailed in the action summary provided.

Why this is important

Historic preservation tax credits directly influence investment decisions in downtown revitalization, adaptive reuse projects, and cultural heritage conservation across Georgia. These incentives affect state tax revenue, local economic development outcomes, and the physical character of historic districts and neighborhoods. The modifications suggest the state reassessed the program's effectiveness, cost, or alignment with current preservation priorities.

Potential points of contention

  • State revenue impact: Changes to tax credit generosity or scope affect state budget forecasting and may reduce or increase foregone tax revenue depending on revision direction
  • Geographic equity: Revisions may disproportionately benefit certain regions with greater concentrations of historic properties, potentially widening economic development disparities
  • Program accessibility: Modifications to eligibility criteria, credit calculations, or application processes could make the program more or less accessible to small property owners versus large developers

Compiled from official sources — confirm details with the bill’s official record.

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