S 0853: Abandoned Buildings Tax Credit

Summary

Amend The South Carolina Code Of Laws By Amending Section 12-67-120, Relating To The Abandoned Buildings Revitalization Act Definitions, So As To Clarify That The Existence Of An Income-producing Use Prior To The Period Of Abandonment Is Not A Requirement For Eligibility; By Amending Section 12-67-130, Relating To Applicability, So As To Make A Conforming Change; By Amending Section 12-67-140, Relating To Eligibility For The Credit, So As To Clarify Certain Timing Considerations, Related To The Filing Of A Notice Of Intent To Rehabilitate An Abandoned Building And To Clarify That Abandoned Building Tax Credits May Not Serve As Collateral For Any Debt; By Amending Section 12-67-160, Relating To The Certification Of Abandoned Building Sites, So As To Remove A Requirement For Certain Certifications Of State-owned Abandoned Building Sites; And To Provide For Certain Abeyance. - Ratified Title

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Jun 3, 2026

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