If you like what’s happening in downtown Kinston with all the revitalization, then please TAKE NOTICE. Without the Historic Tax Credit then there is little incentive for developers to spend an enormous amount of money into rehabilitation. Instead these 75+ year old homes and commercial properties are receiving much needed face lifts, energy efficient appliances and TENANTS. That’s right, they are now being occupied. Cities and counties are receiving higher tax base, utility usage and less opportunity for crime. See the Kinston Free Press article here: http://www.kinston.com/news/local/kinston-could-lose-out-if-historic-tax-credits-axed-1.329767?tc=cr
Tomorrow morning the NC General Assembly’s Finance and Appropriations committee’s will have an opportunity to amend the house budget. Please ask them to add the Historic Tax Credits as already proposed by Governor Pat McCrory.
Appropriations Committee Members: http://www.ncleg.net/gascripts/Committees/Committees.asp?sAction=ViewCommittee&sActionDetails=House%20Standing_6
Other articles of interest:
Eliminating Historic Tax Credit Would Be A Mistake – Winston-Salem Journal
NC Credit to Preserve Historic Properties Pays for Itself Many Times Over – News & Observer