Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for North Carolina Preservation Vol. Issue 130, Fall 2006
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In June 2006, the North Carolina General Assembly created a new tax incentive for the adaptive use of vacant historic agricultural, manufacturing, and utility buildings. The law provides enhanced tax credits for the historic rehabilitation of buildings that have been substantially vacant for at least two years. The rehabilitation costs must exceed $3 million.
A preservation easement is a legal agreement between a property owner and a preservation organization in which the property owner agrees to preserve the historic features of the property. The preservation organization is granted the right to enforce the covenants of the easement and to monitor the property. Pearson discusses how an easement works; what properties are eligible for easements; and tax advantages of an easement.