Posts tagged textile mill income tax credit.

Rehabilitating or renovating an existing building can often be more expensive than greenfield construction. South Carolina provides several tax credits to encourage the use of abandoned buildings. The tax credits are available for the renovation or rehabilitation of qualifying buildings which have been abandoned. Recently issued guidance by the South Carolina Department of Revenue provides guidance on:

  • Abandoned Building Income Tax Credit (SC Rev. Rul. #15-7)
    • Statutes: Title 12, Chapter 67
    • Form to Claim: TC-55
    • Repeal Date: December 31, 2019
  • Textile Mill Income Tax Credit (SC ...
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