GOP tax plan

National Trust for Historic Preservation

A House GOP tax plan working its way through Congress would have a huge impact on Asheville with the elimination of the federal historic tax credit.  Of all North Carolina municipalities, only Durham had more projects benefit from the credit between 2002 and 2016, according to the D.C. based National Trust for Historic Preservation.  

Duke University's endowment could take a hit if the Republican tax plan passes. The bill includes a new excise tax on universities whose endowment fund is valued more than $100,000 per student. That could amount to a $10 or $15 million annual tax for the university, according to Duke spokesman Michael Schoenfeld.