HB 451

Abstract

A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the O.C.G.A., relating to the imposition, rate, and computation and exemptions from state income taxes, so as to revise procedures, conditions, and limitations relating to tax credits for the rehabilitation of historic structures; to authorize promulgation of regulations; to provide for preapproval of additional tax credits for current recipients of tax credits; to provide for sharing and confidentiality of certain preapproval information; to provide for the submission of applications to the Department of Community Affairs; to revise provisions relating to assignment of corporate income tax credits; to provide for related matters; to provide for applicability; to provide for automatic repeal; to repeal conflicting laws; and for other purposes.