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Senate tables proposed expansion to historic rehabilitation tax credit
Summary
Senators voted to table House Bill 360, which would have revised rules for the historic rehabilitation tax credit and allowed certain rehabilitation credits to be claimed when a certificate of occupancy is issued. The motion to table was adopted without recorded opposition.
The Senate on Wednesday tabled House Bill 360 after a motion from the floor. The bill would have revised Georgia—s tax credit for rehabilitation of historic structures so that the credit could be claimed in the taxable year in which a certificate of occupancy is issued for certain preapproved rehabilitation projects.
Procedure and outcome The senator from the 40th moved to table the bill; the motion was agreed to without recorded objection and the bill was placed on the table. No floor vote occurred on the measure—s substantive merits during the session.
Context Committee reports filed earlier recommended passage, but the floor motion to table stopped further consideration during the day—s session. The record shows the matter remains tabled pending further action or removal from the table.
Ending Because the bill was tabled rather than passed or failed on final reading, no legislative change occurred; sponsors may reintroduce or remove the bill from the table in a later session day.
