North Carolina H544 creates a tax credit for rehabilitation of historic corporate campuses.

North Carolina H544 introduces a tax credit for taxpayers who incur at least $10 million in qualified rehabilitation expenditures on historic corporate campuses. To qualify, the campus must be a certified historic structure, previously served as a corporate headquarters, occupy at least 20 acres, be subject to a preservation agreement, and have been at least 80% vacant for two years. The credit is equal to 40% of the qualified expenditures and applies to expenditures incurred after January 1, 2026. The credit can be claimed in phases if the campus is placed into service in multiple years.

North Carolina H544 creates a tax credit for rehabilitation of historic corporate campuses.

North Carolina H544 introduces a tax credit for taxpayers who incur at least $10 million in qualified rehabilitation expenditures on historic corporate campuses. To qualify, the campus must be a certified historic structure, previously served as a corporate headquarters, occupy at least 20 acres, be subject to a preservation agreement, and have been at least 80% vacant for two years. The credit is equal to 40% of the qualified expenditures and applies to expenditures incurred after January 1, 2026. The credit can be claimed in phases if the campus is placed into service in multiple years.