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How does the State of North Carolina Historic Preservation Tax Credit work?

April 26, 2017historic north carolina preservation State tax credit

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How does the State of North Carolina Historic Preservation Tax Credit work?

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Effective for taxable years beginning on or after January 1, 1998, taxpayers who receive the 20 percent Federal Historic Preservation Tax Credit will also qualify for an additional 20 percent tax credit from the state of North Carolina.