December 1, 2021
Great news: NC Historic Preservation Tax Credits have been extended to 2031!
Why is this important? North Carolina’s Historic Tax Credits Program has been critical for several decades in supporting historic preservation in Mecklenburg County and throughout the State.
From Preservation North Carolina:
The State budget, officially signed into law by Governor Cooper on November 18th, extends NC’s Historic Preservation Tax Credits to 2031!
In House Speaker Tim Moore’s press release on November 15th, he highlighted it specifically, affirming the economic value of the credits: The Historic Preservation Tax Credit will be extended to 2031, a key priority for rural and small-town North Carolina’s economic development.
The relevant pages in the budget for all of the details are 601-603: https://www.ncleg.gov/enactedlegislation/sessionlaws/pdf/2021-2022/sl2021-180.pdf.
This is a huge victory for historic preservation work in North Carolina, ensuring that even more of our state’s rich and diverse historic fabric will be preserved and given new life – creating jobs and economic development statewide.
North Carolina’s historic preservation tax credits, initiated by PNC in 1997 and nurtured along ever since, have had a tremendous impact on North Carolina: encouraging $3.2 billion of private investment in NC!
Thank YOU for your part in this work to preserve the historic places that make North Carolina someplace, not just anyplace.
As we celebrate, please take a moment to thank your legislators for this important victory.