South Carolina Legislature Considering Developer's Tax Credit

The bill would offer a 25% income tax credit to developers who spend at least $500,000 to develop a building that has been abandoned for at least five years.  Similar to other tax credits, developers could sell the tax credit in order to provide equity for a particular project.

Read more here: http://www.thestate.com/2012/02/23/2163628/sc-lawmakers-propose-developers.html#storylink=cpy