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GeorgiaHB 3762025-2026 Regular SessionHouseWALLET

Income tax; rehabilitation of certified structures; increase amount of tax credits

Sponsored By: Debbie Buckner (Democrat), Leesa Hagan (Republican), Scott Hilton (Republican), Steven Sainz (Republican), Ron Stephens (Republican), Patty Marie Stinson (Democrat)

Vetoed

Ways & MeansEconomic Development and TourismGeneral Bill

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 2 costs, 0 mixed.

Historic home credits end in 2030

Historic home rehabilitation credits cover 25% of qualifying costs, or 30% for homes in a target area. Costs must exceed the lesser of $25,000 or half the property's adjusted basis; target-area homes must exceed $5,000. At least 5% of qualifying costs must cover exterior work during the qualifying 24-month period. Each home's credit is capped at $100,000 over 120 months, with a $5 million yearly statewide cap for homes. The law takes effect July 1, 2026, and applies to tax years beginning on or after January 1, 2026. Starting January 1, 2030, no new credits are issued for historic homes or other certified buildings. This cutoff does not state that previously issued credits are canceled.

Extra tax help for rural buildings

Certified buildings other than historic homes get an extra credit equal to 10% of qualifying rehabilitation costs. The building must be in a county with fewer than 50,000 people under the 2010 or a future census. For approvals starting January 1, 2026, this brings the total rate to 30%, including the 20% base credit. The law takes effect July 1, 2026, and new credits stop on January 1, 2030.

Higher credit caps for building projects

For certified buildings other than historic homes, the yearly statewide credit cap rises from $30 million to $60 million. The usual limit per building is $5 million in a tax year. Qualifying job-creating projects get a higher maximum of $15 million, up from $10 million. Within two years after the building is placed in service, the project must create 200 full-time, permanent jobs or $5 million in annual payroll. Only one application per building can be approved in any 120-month period. These caps do not guarantee an award. The law takes effect July 1, 2026, applies to tax years beginning in 2026 onward, and stops new credits January 1, 2030.

Lower credits and stricter building requirements

For certified buildings other than historic homes, credits approved starting January 1, 2026, cover 20% of qualifying costs. Earlier approvals keep the 25% rate. Qualifying costs must exceed the greater of $25,000 or the property's adjusted basis, replacing the prior $5,000 threshold. At least 5% must cover exterior work during a taxpayer-selected 24-month period ending within the tax year. The credit is claimed when the completed rehabilitation is placed in service—made ready for use. This can occur up to two years after the end of the tax year originally reserved for the credit. Each expense counts only once, and different entities cannot claim the same expense. The law takes effect July 1, 2026, and applies to tax years beginning on or after January 1, 2026.

Sponsors & Cosponsors

Sponsors

  • Debbie Buckner

    Democrat • House

  • Leesa Hagan

    Republican • House

  • Scott Hilton

    Republican • House

  • Steven Sainz

    Republican • House

  • Ron Stephens

    Republican • House

  • Patty Marie Stinson

    Democrat • House

Cosponsors

  • Mike Hodges

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 389 • No: 41

House vote • 3/23/2026

Agree to Senate Substitute

Yes: 152 • No: 10 • Other: 11

Senate vote • 3/18/2026

MOTION TO ENGROSS: HB 376, HB 1159

Yes: 30 • No: 20 • Other: 5

Senate vote • 3/18/2026

PASSAGE BY SUBSTITUTE

Yes: 46 • No: 2 • Other: 2

House vote • 3/4/2026

PASSAGE

Yes: 161 • No: 9 • Other: 7

Actions Timeline

  1. House Date Signed by Governor

    5/12/2026House

  2. Veto V2

    5/12/2026

  3. House Sent to Governor

    4/6/2026House

  4. House Agreed Senate Amend or Sub

    3/23/2026House

  5. Senate Engrossed

    3/18/2026Senate

  6. Senate Third Read

    3/18/2026Senate

  7. Senate Passed/Adopted By Substitute

    3/18/2026Senate

  8. Senate Read Second Time

    3/16/2026Senate

  9. Senate Committee Favorably Reported By Substitute

    3/12/2026Senate

  10. Senate Read and Referred

    3/6/2026Senate

  11. House Third Readers

    3/4/2026House

  12. House Passed/Adopted By Substitute

    3/4/2026House

  13. House Withdrawn, Recommitted

    2/24/2026House

  14. House Committee Favorably Reported By Substitute

    2/24/2026House

  15. House Committee Favorably Reported By Substitute

    2/18/2026House

  16. House Withdrawn, Recommitted

    4/4/2025House

  17. House Committee Favorably Reported By Substitute

    3/3/2025House

  18. House Second Readers

    2/12/2025House

  19. House First Readers

    2/11/2025House

  20. House Hopper

    2/10/2025House

Bill Text

  • HB 376/AP* (v12)

    PDF

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