Tax incentives : tips for developers of textile mill projects

Historic textile mills in South Carolina may be eligible for multiple tax incentives so it is important that any developer coordinate the required reviews. The federal and state income tax credits for the rehabilitation of income-producing buildings have specific review points to include in planning the project. The state program for abandoned textile mills also has specific steps required to take advantage of the local property tax incentive or the state income tax credits. The steps and tips listed in this paper are intended to assist you in the review process for the federal and state income tax credits for rehabilitatio