SC Retail Facilities Revitalization Act – enacted in 2006 – S.C. Code §6-34-10 et. seq.

..Allows a taxpayer who improves, renovates, or redevelops an “eligible site” to benefit from either a property tax credit or an income tax credit.

First Question – What qualifies as an “eligible” site?

..“A shopping center, mall, or free standing site whose primary use was as a retail sales facility with at least one tenant or occupant located in a forty thousand square foot or larger building or structure”.

..The shopping center, mall, or freestanding site must have also have been “abandoned.”..