Repeals GS 105-129.39, sunset clause for the Historic Rehabilitation Tax Credits.

Amends GS 105-130.47 and 105-151.29, concerning tax credits for qualifying expenses of a production company, providing that a production company must have qualifying expenses of at least $300,000 (was, $250,000) to receive tax credit of 25 percent of the company's qualifying expenses. Deletes GS 105-130.47(k), the sunset provision for the qualifying expenses tax credits.