UPDATE: House passes bill to create new Historic Preservation Ta - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

UPDATE: House passes bill to create new Historic Preservation Tax Credit

RALEIGH, NC (WECT) - A bill to re-establish a Historic Preservation Tax Credit in North Carolina passed the state House on Thursday by a vote of 98-15. The bill proposes a program similar to the one which GOP leaders allowed to sunset at the end of 2014. A companion bill in the state Senate, SB 287, is in the Finance Committee awaiting debate.

Democrats Rep. Susi Hamilton of New Hanover County and Rep. Ken Waddell of Columbus County, along with Republican Rep. Ted Davis of New Hanover County all signed on as sponsors of the original HB 152, which received approval in the House Finance Committee. Primary sponsors of the original legislation include Republicans Rep. Stephen Ross (Alamance), Rep. Jon Hardister (Guilford), Rep. David R. Lewis (Harnett), and Democrat Rep. Rick Glazier (Cumberland)  

The bill proposes a sliding scale of credits into place, pending the amount spend on the rehabilitation of the structure. 

Projects with up to $10 million worth of expenses would receive 15 percent federal income tax credit, and projects with expenses between $10-$20 million would receive a 10 percent credit.

To read the text of the bill click here: http://bit.ly/1BMZe8w

Despite the approval in the House, passage in the Senate is far from guaranteed. GOP leaders in that chamber have expressed favor with establishing a grant fund for historic preservation, similar to one in place for the state's film incentives, over re-instituting a tax credit program.

Copyright 2015 WECT. All rights reserved
  • PoliticsMore>>

  • NC House to vote Wednesday whether to override Gov. Cooper vetoes

    NC House to vote Wednesday whether to override Gov. Cooper vetoes

    Tuesday, June 19 2018 9:29 PM EDT2018-06-20 01:29:09 GMT
    GOP lawmakers could vote Wednesday to override Gov. Roy Cooper's veto of a bill making changes to judicial districts across the state.GOP lawmakers could vote Wednesday to override Gov. Roy Cooper's veto of a bill making changes to judicial districts across the state.
    GOP lawmakers could vote Wednesday to override Gov. Roy Cooper's veto of a bill making changes to judicial districts across the state.GOP lawmakers could vote Wednesday to override Gov. Roy Cooper's veto of a bill making changes to judicial districts across the state.

    A bill to make a change to judicial districts in New Hanover and Pender counties could become law, if state House lawmakers follow the Senate on Wednesday and vote to override vetoes by Governor Roy Cooper. Gov. Cooper vetoed Senate Bill 757 last week, after it passed the General Assembly ten days earlier. The bill changes the makeup of judicial districts in several counties, including Mecklenberg, Wake, New Hanover and Pender.

    More >>

    A bill to make a change to judicial districts in New Hanover and Pender counties could become law, if state House lawmakers follow the Senate on Wednesday and vote to override vetoes by Governor Roy Cooper. Gov. Cooper vetoed Senate Bill 757 last week, after it passed the General Assembly ten days earlier. The bill changes the makeup of judicial districts in several counties, including Mecklenberg, Wake, New Hanover and Pender.

    More >>
  • Judge Lewis to run for re-election as judicial filing period begins

    Judge Lewis to run for re-election as judicial filing period begins

    Monday, June 18 2018 2:33 PM EDT2018-06-18 18:33:53 GMT
    Even though she is undergoing treatments at the Mayo Clinic for liver cancer, Judge Ola Lewis plans to file Tuesday to run for re-election. (Source: WECT)Even though she is undergoing treatments at the Mayo Clinic for liver cancer, Judge Ola Lewis plans to file Tuesday to run for re-election. (Source: WECT)

    Judge Ola Lewis plans to file for re-election on Tuesday as the filing period for judicial candidates in North Carolina gets underway ahead of the 2018 General Election. Lewis, who is the senior resident superior court judge in the 13th district, has been undergoing treatment for liver cancer at the Mayo Clinic.

    More >>

    Judge Ola Lewis plans to file for re-election on Tuesday as the filing period for judicial candidates in North Carolina gets underway ahead of the 2018 General Election. Lewis, who is the senior resident superior court judge in the 13th district, has been undergoing treatment for liver cancer at the Mayo Clinic.

    More >>
  • UPDATE: Amended rape kits bill headed to governor's desk

    UPDATE: Amended rape kits bill headed to governor's desk

    Thursday, June 14 2018 9:45 PM EDT2018-06-15 01:45:50 GMT
    The vast majority of rape kits collected from Wilmington victims in recent years were never tested. (Source: WECT)The vast majority of rape kits collected from Wilmington victims in recent years were never tested. (Source: WECT)

    A bill amended by the state Senate to address the backlog of untested rape kits sitting in evidence rooms across North Carolina is headed to Gov. Roy Cooper's desk for his signature.

    More >>

    A bill amended by the state Senate to address the backlog of untested rape kits sitting in evidence rooms across North Carolina is headed to Gov. Roy Cooper's desk for his signature.

    More >>
Powered by Frankly