Purpose
Known as the Economic Impact Zone Community Development Act
The act spans §§ 12–12 (4 sections).
1995 Act No. 25, SECTION 2; 2010 Act No. 290, SECTION 20, eff January 1, 2011.
It is the purpose of this chapter to establish a program of providing tax incentives for the creation of capital investment in order:
(1) to revitalize capital investment in this State, primarily by encouraging the formation of new businesses and the retention and expansion of existing businesses; and
(2) to promote meaningful employment.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.