HB 59: Revenue and taxation; tax credits for rehabilitation of historic structures; revise procedures, conditions, and limitationsVoted on Friday March 3, 2017
John Pezold's thoughts
HB 59 amends an existing tax credit for the rehabilitation of historic structures by increasing the credit cap to $50 million per calendar year for projects earning more than $500,000 in credits and allowing unused funds to roll forward to the next year.
The bill assigns the application process for the tax credits to the Department of Community Affairs and allows the applicant to have the credit once the rehab project is complete.
I voted NO because I did not see a need to increase the cap for these types of rehabilitation projects.More information on legis.ga.gov
The table below breaks down the total number of votes, and marks the majority vote.
|Did not vote||7||3.9%|