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May 07, 2014
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This article will focus on another equally effective resource, the Retail Facilities Revitalization Act credit program. The retail facilities revitalization tax credit is available for renovating, rehabilitating and redeveloping abandoned commercial property. The credit is commonly referred to as the big box tax credit because its primary intent is to [...]

April 05, 2014
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The new year brings new opportunities for the real estate community and those who own commercial property in South Carolina. The impact of the recently released South Carolina Abandoned Buildings Revitalization Act will allow a South Carolina tax credit for up to 25 percent of the expenses incurred to redevelop an abandoned building. The incentive starts for [...]

February 21, 2014
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South Carolina Textiles Communities Revitalization Act of 2008 The original law (Sections 6-32-20 to 6-32-50) went into effect on May 11, 2004, and the replacement law (Sections 12-65-10 to 12-65-45) went into effect June 12, 2008. From early water-powered mills to large mills with their own self-contained villages, the manufacturing of textiles is an [...]

August 02, 2013
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Columbia, SC — On June 11, 2013 Gov. Nikki Haley signed into law the Abandoned Buildings Revitalization Act, creating tremendous opportunity for towns, cities and counties that have been blighted by empty and under-utilized buildings.Here’s how it works.Any commercial building that has at least 66 percent vacancy for more than five years [...]

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