Tax breaks extended to market-rate developments in Columbia
Mon, 03 Aug 2015 23:44:53 GMT —
COLUMBIA, SC (WACH) - The City of Columbia is now offering tax credit benefits for private developers.
The city previously announced tax credits for private students housing properties. They are now allowing for market-rate developments to apply for such tax breaks too.
In order to qualify, market rate developments must have: a minimum $40 million investment, $5 million per usable acre, a min tax bill of $750,000, parking arrangements must use no public funds.
Also, both those looking for credits for student and market-rate developments must apply by the end of this year.