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North Carolina Senate, House Both Propose Extension of State HTC
The North Carolina Senate this week passed legislation that includes a provision to extend the sunset date for the state historic tax credit (HTC) to 2024. S.B. 622 would extend the sunset date for several provisions, including the state HTC, from Jan. 1, 2020, until Jan. 1, 2024. The Senate’s appropriations bill now must be reconciled with the House’s bill before being sent to Gov. Roy Cooper. Both bills include the HTC sunset extension.