South Carolina has modified the apprentice credit provisions, which previously allowed a credit amount of $1,000 for each apprentice employed. Under the amended provisions, the credit equals the greater of the cost of the apprenticeship or $1,000 for each apprentice employed, but not to exceed $4,000 for an apprentice, or $6,000 for the youth apprenticeship […]
South Carolina has extended until December 31, 2035, the Abandoned Buildings Revitalization Act, under which income and property tax credits are available to taxpayers who rehabilitate qualified abandoned buildings. Previously, the provisions were set to expire on December 31, 2025. In addition, the maximum income tax credit amount for any taxpayer in a tax year […]
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