Incentives for Real Estate Developers (Presentation)

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In This Presenation:

- Brownfields Voluntary Cleanup Incentives

- GENERAL

The General Assembly has provided two tax incentives to promote cleanup of brownfield sites: an income tax credit as well as a property tax exemption.

- INCOME TAXES

South Carolina Code §12-6-3550 allows a credit against taxes due for costs of voluntary cleanup activity by a nonresponsible party pursuant to the Brownfields Voluntary Cleanup Program in South Carolina Code Title 44 Chapter 56, Article 7.

Please see full presentation below for more information.

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Published In: Administrative Agency Updates, Environmental Updates, Commercial Real Estate Updates, Tax Updates, Toxic Torts Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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