Advocates For Historic Tax Credits Hope To Convince Legislators
A program giving developers tax credits to restore old buildings expired on January first. But advocates have launched a campaign asking lawmakers to restore the program.
The North Carolina Metropolitan Mayors Coalition has launched an online petition drive to ask state lawmakers to restore the historic tax credit. So far it has more than 1,700 signatures.
The program expired over the New Year as part of a tax reform package passed by state legislators in 2013. During the last legislative session, lawmakers in the House tried to restore the historic credits, but Senate legislators prevented them from doing so.
Governor Pat McCrory has called the program "important to North Carolina." Senate President Pro Tem Phil Berger hasn't indicated any willingness to change his mind and support historic tax credits.