Sign in to follow this  
Followers 0
Spartan

Vacant Building Tax Credit

2 posts in this topic

Believe it or not, the South Carolina legislature might actually produced legislation of value. The House of Representatives passed a bill that would give tax credits to reuse vacant buildings. If passed, the credit would allow for a 25% income tax break if $500,000 or more is invested in revitalizing a vacant building.

I personally think that $500,000 is a little high. If it were lowered you might see more of an effect in smaller towns.

http://www.goupstate.com/article/20120425/WIRE/120429764/1083/ARTICLES?Title=SC-House-OKs-tax-break-to-reuse-vacant-buildings&tc=ar

Share this post


Link to post
Share on other sites


Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.