WRAL TV is pumping a tax loophole for Historic preservation that allowed investors to get a twenty percent tax credit for expenses of fixing up old buildings. The tax reform bill closed the loophole to lower rates for every taxpayer and WRAL wants it back. http://www.wral.com/pressure-ramped-up-on-senate-to-pass-historic-tax-credit/14551207/
WRAL owner Jim Goodmon invested in the $167 million American Tobacco project in Durham that got the tax break . http://www.newsobserver.com/news/local/counties/durham-county/article10246763.html
A 20% tax credit? Did Jim Goodmon get $32 million? If not, how much? Maybe WRAL ought to tell us. And who’s going to pay higher taxes to make up lost money from Goodmon’s break?