Georgia HB376: Income tax; rehabilitation of certified structures; increase amount of tax credits

What the bill says

To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, computation, exemptions, and credits for state income tax, so as to increase the amount of tax credits available for the rehabilitation of certified structures; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

From the introduced text:

A BILL TO BE ENTITLED To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, computation, exemptions, and credits for state income tax, so as to increase the amount of tax credits available for the rehabilitation of certified structures; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, computation, exemptions, and credits for state income tax, is amended by revising subsection (c) of Code Section 48-7-29.8, relating to tax credits for the rehabilitation of historic structures, as follows: "(c)(1) In no event shall credits for a historic home exceed $100,000.00 in any 120 month period. (2) The maximum credit for any other individual certified structure shall be $5 $7.5 million for any taxable year, except in the case that the project creates 200 or more full-time, permanent jobs or $5 million in annual payroll within two years of the placed H. B. LC 59 0091 in service date, in which case the project is eligible for credits up to $10 $15 million for an individual …

Read the full official text

Sponsors

• Mike Hodges (R, 3) · primary sponsor
• Scott Hilton (R, 48) · primary sponsor
• Steven Sainz (R, 180)
• Leesa Hagan (R, 156)
• Ron Stephens (R, 164)
• Debbie Buckner (D, 137)
• Patty Stinson (D, 150)

Latest actions

1. May 12, 2026: Veto V2
2. May 12, 2026: House Date Signed by Governor
3. April 6, 2026: House Sent to Governor
4. March 23, 2026: House Agreed Senate Amend or Sub
5. March 18, 2026: Senate Passed/Adopted By Substitute
6. March 18, 2026: Senate Third Read
7. March 18, 2026: Senate Engrossed
8. March 16, 2026: Senate Read Second Time
9. March 12, 2026: Senate Committee Favorably Reported By Substitute
10. March 6, 2026: Senate Read and Referred

Votes

• House Vote #740 (March 23, 2026): 152 yea, 10 nay, passed
• Senate Vote #740 (March 18, 2026): 46 yea, 2 nay, passed
• House Vote #624 (March 4, 2026): 161 yea, 9 nay, passed

Common questions

What is HB376?

HB376 is a bill in the Georgia Legislature (2025-2026 Regular Session): Income tax; rehabilitation of certified structures; increase amount of tax credits.

What does HB376 do?

In its own words: To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, computation, exemptions, and credits for state income tax, so as to increase the amount of tax credits available for the rehabilitation of certified structures; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

What is the status of HB376?

Signed into law as of May 12, 2026. Latest action: Veto V2 (May 12, 2026).

Who sponsored HB376?

Mike Hodges (R, 3), with 6 co-sponsors.

Where is the official record for HB376?

On the Georgia Legislature website: https://www.legis.ga.gov/legislation/70138