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.