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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 […]
South Carolina—Multiple Taxes: Abandoned Buildings Credit Extended
May 22, 2024 | Tax Alerts, Tax Credits
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