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.
Tuesday, February 1, 2011
President Obama Announces Expansion of NMTC Program
Yesterday, the President announced an expansion of the New Markets Tax Credit program as part of the administration's Startup America Initiative. Without giving much detail, the information provided in the White House fact sheet indicated that the program's rules would be simplified. More information will follow in the coming weeks.
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