Historic
Preservation
House District 57.
Yesterday, the House gave
final approval of the creation of a new, scaled-back historic
preservation tax credit program that proponents say would help revitalize
historic structures in small towns and large cities across the state. House Bill 152*, proposed credits
of 15 percent for expenditures up to $10 million. The program will sunset on
January 1, 2021, and is a scaled-back version of the credit that was allowed to
expire last year.
There
is substantial support for the legislation throughout the state, including the
League of Municipalities, Association of County Commissioners, American
Institute of Architects, and the NC Association of Realtors. I have been a
strong supporter of this program.
Source:
Representative
Pricey Harrison
House District 57
1218 Legislative Building
Raleigh, NC 27601-1096
919-733-5771
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