South Carolina Statutes
§ 12-10-90 — Levels of capital investment or employment in revitalization agreement; failure to achieve levels and effect thereof.
South Carolina § 12-10-90
This text of South Carolina § 12-10-90 (Levels of capital investment or employment in revitalization agreement; failure to achieve levels and effect thereof.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 12-10-90 (2026).
Text
If a qualifying business fails to achieve the level of capital investment or employment set forth in the revitalization agreement, the council may terminate the revitalization agreement and reduce or suspend all or any part of the incentives until the time the anticipated capital investment and employment levels are met. However, these incentives must not be suspended retroactively. The council shall provide in the revitalization agreement entered into in connection with a project for the levels of capital investment and employment which must be achieved and for the time period in which the levels must be achieved.
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Legislative History
HISTORY: 1995 Act No. 25, SECTION 1; 1996 Act No. 462, SECTION 18.
Nearby Sections
15
§ 12-10-10
Short title.§ 12-10-105
Annual fees.§ 12-10-110
Construction of chapter.§ 12-10-20
Legislative intent.§ 12-10-30
Definitions.§ 12-10-50
Qualification for benefits.§ 12-10-60
Revitalization agreement.§ 12-10-80
Job development credits.§ 12-10-81
Job development tax credits.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 12-10-90, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/12-10-90.