JOSH STEIN AND THE HISTORIC PRESERVATION TAX LOOPHOLE

Senators like Josh Stein vote against across the board tax cuts for everyone. But Senator Stein says he’ll fight to keep tax breaks for investors in Historic real estate. (Raleigh News & Observer)

Then maybe there’s no surprise the Revenue Department says Joshua H. Stein (Senator Stein’s full name ) received $42,000 in Historic preservation tax credits in 2011 for income producing Historic property and $42,000 in 2012 for non income producing Historic property.

NC Dept of Revenue Historic Rehabilitation Tax Credits Report  for Tax Year 2012

NC Dept of Revenue Historic Rehabilitation Tax Credits Report  for Tax Year 2011

Wouldn’t it be fairer to cut everyone’s taxes instead of just giving a break to people able to afford Historic property?