Retail facilities “Closed Big Box” revitalization Credit (Presentation)


SC Retail Facilities Revitalization Act – enacted in 2006 – S.C. Code §6-34-10 et. seq.

..Allows a taxpayer who improves, renovates, or redevelops an “eligible site” to benefit from either a property tax credit or an income tax credit.

First Question – What qualifies as an “eligible” site?

..“A shopping center, mall, or free standing site whose primary use was as a retail sales facility with at least one tenant or occupant located in a forty thousand square foot or larger building or structure”.

..The shopping center, mall, or freestanding site must have also have been “abandoned.”..

Please see full presentation below for more information.

LOADING PDF: If there are any problems, click here to download the file.

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.

© Nexsen Pruet, PLLC | Attorney Advertising

Written by:


Nexsen Pruet, PLLC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.