Steve Mensing, Editor
♦ N.C. Senators Andrew Brock and Robert Rucho co-sponsored Senate Bill 472: “Local Incentives for Historic Rehabilitation”. Senate Bill 472, if passed, would close the door on Historic Preservation Tax Credits and instead replace it with a bill authorizing local governments to appropriate money for historic rehabilitation and to clarify and standardize requirements for appropriating funds for local economic development. This is quite a switch from taking money from state taxpayers and instead placing the burden on municipal and county governments and their taxpayers.
Here is Senate Bill 472:
http://www.ncga.state.nc.us/Sessions/2015/Bills/Senate/PDF/S472v0.pdf
Featured photo N.C. Senator Andrew Brock
