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Home » Archives for Josh Lonon

Facade Of An Abandoned Building

New SC Abandoned Textile Mill Tax Credit Guidance Issued; Department Allows Amendments to Filings for a Limited Time

February 28, 2025

For the first time in a decade, the South Carolina Department of Revenue (“the Department”) has issued guidance in the form of a revenue ruling

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Tax Credits for Recreational Trail Easements

South Carolina Introduces Income Tax Credit for Recreational Trail Easements

May 20, 2024

Effective May 13, 2024, South Carolina has introduced a one-time income tax credit for those who encumber their property with a perpetual recreational trail easement.

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Us Capitol

Real Estate Developers, It’s Time to Get Personal with Your Investors

January 3, 2024

The reporting requirements of the new Corporate Transparency Act are in effect as of January 1, 2024. The Act presents a new administrative burden for

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Tax Credits for Rehabilitation of South Carolina Abandoned Textile Mills: What Expenses Qualify for Determining the Credit?

October 19, 2022

The textile industry dominated South Carolina manufacturing starting in the post-Civil War area, but largely collapsed in the late 20th century. A result was the

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Windows,of,an,old,cotton,mill,building

A Guide to South Carolina Tax Credits for the Rehabilitation of Abandoned Textile Mill Sites

December 28, 2023

Introduction After the collapse of South Carolina’s once robust textile industry, the state was littered with closed and abandoned textile mills. In 2004, the South

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Tax Credits for Rehabilitation of Abandoned Properties in South Carolina Extended

Tax Credits for Rehabilitation of Abandoned Properties in South Carolina Extended

July 29, 2024

Many developers of property in South Carolina are applauding the recent extension of tax credits available for the rehabilitation of abandoned properties under the South

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SC Lowcountry Boundaries Moved as Part of Statewide Project

March 21, 2018

Lowcountry residents likely didn’t notice, but Jasper County, South Carolina recently grew a bit, while neighboring Beaufort County shrank. On February 7, Governor Henry McMaster

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