The South Carolina Tax Credit Blog follows stories and pertinent issues that relate to the tax credit industry in South Carolina for both state and federal tax credits. Referenced tax credits will include the federal and SC historic preservation tax credits, the SC textile mill revitalization tax credits, the federal and SC renewable energy tax credits, and the federal low income housing tax credits, among others.
Friday, September 3, 2010
Treasury Provides Sample Annual Report for Section 1603 Grant
Last week, the Treasury Department provided a sample annual report for the Section 1603 Renewable Energy Grant program. The cash grant is provided in lieu of renewable energy tax credits for a limited time. Annual reports are required to be submitted under the program for the first five years after the project is placed in service. For more information on the Section 1603 grant program, click here.
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