South Carolina Bill Would Provide State OZ Tax Credit

Wednesday, December 19, 2018 - 9:45am

Legislation introduced in South Carolina this week would create a 25 percent tax credit for companies that investment in opportunity zones. H. 3186, sponsored by Rep. Marvin Pendarvis, includes a cap of $50,000 per taxpayer, would allow the credit to be carried over for up to five years and would begin in 2019. The legislation was assigned to the state Ways and Means Committee.