Newspaper article from our research archive:

PRESERVING HISTORY; THOSE WHO FIX UP HISTORIC HOMES COULD QUALIFY FOR A HEFTY TAX CREDIT.(REAL ESTATE)

Byline: MEREDITH BARKLEY\ Staff Writer

The income tax credit North Carolina now gives for rehabilitating historic homes made it easier for Miles Foy to swallow the expense of putting a new cedar shingle roof on his century-old Queen Anne home beside Oak Ridge Military Academy.

Normally, it would have been cheaper to replace the aging cedar with more modern asphalt shingles. But with the tax credit Foy can cut his expenses substantially. He can take 30 percent of the project's cost off his state income taxes.

"The tax credit wasn't just a windfall, it was actually an inducement to do it right." said Foy, a former Greensboro attorney who now teaches at Wake Forest ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!