Posts tagged South Carolina tax credits.
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SC Community Development Tax Credits

Update: As of June 16, 2016 all community development tax credits have been claimed.

South Carolina provides valuable tax incentives to people who support Community Development Corporations (CDCs) and Community Development Financial Institutions (CDFIs). A 33% credit is provided for each dollar invested in or donated to a certified CDC or CDFI. S.C. Code § 12-6-3530. This credit is commonly referred to as the community development tax credit.

The community development tax credit was enacted in 2000 and is scheduled to sunset on June 30, 2020. A total of $5 million in credits are ...

Posted in: Economic Development Incentives, Income Tax, South Carolina Tax
Tags: SC Community tax credits, SC Tax Credits, South Carolina Community Development tax credits, South Carolina tax credits
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