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Georgia Tax Incentive Programs

Rehabilitation Investment Tax Credit of 25%
Georgia Preferential Property Tax Assessment

To be eligible for the Rehabilitation Investment Tax Credit of 25%

  1. The building must be listed, or eligible for listing, in the Georgia Register of Historic Places and/or the National Register of Historic Places, either individually or as a contributing building within a historic district.
  2. The rehabilitation must meet The Secretary of the Interior’s Standards for Rehabilitation; these are guidelines for appropriate and sensitive rehabilitation.
  3. Every project must meet the substantial rehabilitation test, which is:
    • For a historic home used as a principal residence qualified rehabilitation  expenses must exceed the lesser of $25,000 or 50% of the adjusted basis of the building
    • For a historic home used as a principal residence in a target area qualified rehabilitation  expenses must exceed $5,000
    • For any other certified historic structure, qualified rehabilitation expenses must exceed the greater of $5,000 or the adjusted basis of the building
  4. At least 5% of the qualified rehabilitation expenditures must be allocated to work completed to the exterior of the structure.
  5. The application process has two parts:
    • Part A: Preliminary Certification – Must be submitted and approved prior to rehabilitation of the building
    • Part B: Final Certification Work – Must be submitted after all rehabilitation of the building has been completed

To be eligible for the Georgia Preferential Property Tax Assessment

  1. The building must be listed, or eligible for listing, in the Georgia Register of Historic Places and/or the National Register of Historic Places, either individually or as a contributing building within a historic district.
  2. The rehabilitation must meet The Secretary of the Interior’s Standards for Rehabilitation; these are guidelines for appropriate and sensitive rehabilitation.
  3. Every project must meet the substantial rehabilitation test, which is:
    • For owner-occupied residential property rehabilitation must increase the fair market value of the building by at least 50%
    • For owner-occupied residential and partially income-producing property rehabilitation must increase the fair market value of the building by at least 75%
    • For income-producing property rehabilitation must increase the fair market value of the building by at least 100%
  4. The application process has two parts:
    • Part A: Preliminary Certification – Must be submitted and approved prior to rehabilitation of the building
    • Part B: Final Certification Work – Must be submitted after all rehabilitation of the building has been completed