Tax Credits Stimulates Economic Development
South Carolina's Community Economic Development Act, enacted in 2000, has gone largely unnoticed, but could help businesses reduce their taxes while boosting local economies. The act gives businesses a 33 percent tax credit for every dollar invested in certified community development corporations (CDCs) building or rehabbing affordable housing. There are 14 such CDCs in the state.

For more information, contact the South Carolina Department of Commerce (www.callsouthcarolina.com).
[Published in News from the Districts, Community Developments, Spring 2003]

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Community Affairs: Article Archive > South Carolina

Community Affairs:
Article Archive > South Carolina