Excluded from budget, extension of state historic preservation tax credit program uncertain
After being cut from a state budget proposal signed off on by the legislature, the extension of North Carolina’s historic preservation tax credit program could be taken up later this month.
But extending a program that would include more stringent oversight and a smaller scope is still a long shot when lawmakers return to Raleigh in mid-August to close out this year’s legislative session.
The proposed extension is part of Senate Bill 763, which has been passed by the House and relayed to the Senate for its consideration.
(Triad Business Journal, 8/5/14)