South Carolina Gov. Henry McMaster has signed a measure to extend tax credits for revitalizing abandoned buildings and South Carolina short-line railroads.
S. 1021, which the Republican governor “ceremonially” signed on Wednesday, extends the provisions of the South Carolina Abandoned Buildings Revitalization Act that were set to expire on Dec. 31, 2025. The credits now run through 2035 and increase the maximum credit a taxpayer may earn in a year from $500,000 to $700,000.
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