South Carolina Affordable Housing Tax Credit Summary
- Applicable against income taxes of any taxpayer and insurance gross premiums taxes.
- May offset 100% of taxpayer’s liability.
- Excess credits carry forward for three years.
- Credits can be purchased in one and ten year increments.
Investing
Interested in investing to create more affordable homes in South Carolina?
Monetizing
Interested in monetizing your South Carolina low income housing tax credits?
South Carolina Abandoned Building Tax Credit Summary
- Applicable against state income and insurance premium taxes.
- May offset 100% of taxpayer’s liability.
- Excess credits carry forward for five years.
- No recapture provisions in the statute.
- One-Year credits taxed as transferrable credits.
Investing
Interested in investing to preserve abandoned buildings in South Carolina?
South Carolina Historic Tax Credit Summary
- Applicable against state income and insurance premium taxes.
- May offset 100% of taxpayer’s liability.
- Excess credits carry forward for five years.
- Follows federal historic rehabilitation credit recapture rules.
- One-Year credits taxed as transferrable credits.
Investing
Interested in investing to preserve historic buildings in South Carolina?
South Carolina Mill Tax Credit Summary
- Applicable against state income and insurance premiums taxes.
- Offsets 100% of taxpayer’s liability.
- Excess credits carry forward for five years.
- No recapture provisions in the statute.
- One-Year credits taxed as transferable credits.
Investing
Interested in investing to preserve historic mills in South Carolina?