On Dec. 31, North Carolina tax credits for historic rehabilitation projects ended. On Thursday, Jan. 22, Susan Kluttz, NC’s secretary of Cultural Resources, will speak in Hendersonville about the need to reinstate the credits. Here’s the press release from the city of Hendersonville:
The City of Hendersonville, Mayor Barbara Volk, and Members of the Hendersonville City Council would like to invite you to join us Thursday, Jan. 22, at 1:00pm. Susan Kluttz, Secretary of the N.C. Department of Cultural Resources, will speak about the need to reinstitute the N.C. Historic Rehabilitation Tax Credit Program. The visit will begin promptly at 1:00pm at Hendersonville City Hall where Mayor Pro Tem, Ron Stephens, will welcome Secretary Kluttz, followed by a tour of the Grey Hosiery Mill property. The Secretary’s visit will conclude by 2:30 p.m.
“The Secretary will be visiting Hendersonville to discuss Historic Tax Credits that are used by businesses and homeowners who own historic properties listed in the National Register of Historic Places to preserve their buildings within defined guidelines. The tax credits are taken after the projects are completed when the owners file their taxes. No state monies are used upfront for these credits, but rather owners pay less at the time taxes are due. Historic Tax Credits have been used in 90 out of N.C.’s 100 counties, in both rural and urban areas. They boost local economies and create jobs, while preserving communities’ historic cores and our state’s priceless historic character. N.C.’s Historic Tax Credits ended on December 31, 2014.”- Cary Cox, Director of Marketing and Resources for the N.C. Department of Cultural Resources
A quote from the Secretary:
“The Historic Tax Credits brought jobs and economic development to rural towns and big cities across North Carolina,’ said Susan Kluttz, secretary of the N.C. Department of Cultural Resources. “The rebirth of one abandoned downtown building has had a ripple effect throughout a community and often sparks a renaissance of development in nearby structures. In addition, these historic buildings and mills are an emotional tie to our heritage and exemplifies what makes North Carolina unique. These credits are critical for North Carolina’s economic recovery.”
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