Tax incentives : tips on how to apply for mixed use projects [updated]
South Carolina State Historic Preservation Office
Tax incentives--South Carolina , Historic buildings--Taxation--South Carolina , Property tax credit--South Carolina
When the rehabilitation of a historic property includes an income-producing use as well as an owner-occupied residence, the project is considered to be "mixed use." Special provisions are required for mixed use projects when an applicant is seeking tax credits for both the income-producing use and the owner-occupied residence. Generally, the credits for these uses are mutually exclusive and cannot be combined. The credits may be applied, however, to distinct portions of the historic property that relate to the particular use, including distinct portions of one building. This information relates to application procedures; please do not consider it to be tax advice.
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