GA HB376

Increases the minimum expenditure threshold for non-historic certified structures to qualify for rehabilitation tax credits from $5,000 to $25,000

Reduces the tax credit rate for non-historic certified structures from 25% to 20% for credits approved on or after January 1, 2026, while maintaining 25% for credits approved before that date

Provides an additional 10% credit for certified structures located in counties with populations under 50,000

Raises the maximum credit cap for large job-creating projects (200+ full-time jobs or $5 million annual payroll) from $10 million to $15 million per individual certified structure

Doubles the annual aggregate cap for non-historic structure credits from $30 million to $60 million, and sets a sunset date of January 1, 2030 for the entire credit program