Commercial and Residential Development Incentives

State of South Carolina Programs

State of South Carolina programs may be considered by Town Council to be combined with any package of incentives, or to provide a stand-alone set of incentives for in-city projects located out of the eligible development area. These state programs include property tax credits, as authorized by the S.C. Abandoned Building Act, the S.C. Textiles Communities Revitalization Act, the S.C. Retail Facilities Revitalization Act, or the S.C. real property tax credit for the installation of a fire sprinkler system (see applications to the right).

New Market Tax Credits

Some areas of Moncks Corner are also eligible for the New Markets Tax Credit Program.