S1021: Abandoned buildings tax credit

Legislative Summary

Extend The Provisions Of The South Carolina Abandoned Buildings Revitalization Act To 2035; To Amend The South Carolina Code Of Laws By Amending Section 12-67-140, Relating To The Abandoned Buildings Tax Credit, So As To Increase The Amount Of The Maximum Tax Credit That May Be Earned; And By Adding Section 12-6-3810 So As To Provide For An Income Tax Credit Equal To Fifty Percent Of An Eligible Taxpayer's Qualified Railroad Reconstruction Or Replacement Expenditures, And To Provide For The Administration Of The Tax Credit. - Ratified Title