South Carolina S 1122: Textiles Revitalization

Bill Text

2025-2026 Bill 1122 Text of Previous Version (Apr. 15, 2026) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 1122

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING 
SECTION 12-65-20, RELATING TO DEFINITIONS FOR THE SOUTH CAROLINA TEXTILES 
COMMUNITIES REVITALIZATION ACT, SO AS TO SPECIFY QUALIFYING REQUIREMENTS FOR 
CERTAIN REHABILITATION EXPENSES.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. Section 12-65-20(8)(a) of the S.C. Code is amended to 
read:

 (a) "Rehabilitation expenses" means the 
expenses or capital expenditures incurred in the rehabilitation, renovation, or 
redevelopment of the textile mill site, including without limitations, the 
demolition of existing buildings, environmental remediation, site improvements 
and the construction of new buildings and other improvements on the textile 
mill site, but excluding the cost of acquiring the textile mill site or the 
cost of personal property located at the textile mill site. For expenses 
associated with a textile mill site to qualify for the credit, the textile mill 
and buildings on the textile mill site included in the Notice of Intent to Rehabilitate must be 
either renovated or demolished, and this requirement 
applies independently to each Notice of Intent to Rehabilitate without regard 
to the rehabilitation status of any parcel or building not included in that 
notice; provided, however, that for any contiguous parcel included within the textile 
mill site pursuant to item 4(b), the textile mill and buildings on the textile 
mill site must be either renovated or demolished if both the textile mill and 
the contiguous parcel are owned by the same taxpayer or affiliated taxpayers.

SECTION 2. This act takes effect upon approval 
by the Governor.

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This web page was last updated on April 15, 2026 at 03:06 PM