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S 1122

Textiles Revitalization

2025-2026 Regular Session Introduced by Larry Grooms

Defines which rehabilitation expenses qualify for textile revitalization credits, requiring per-notice renovation or demolition and clarifying interparcel ownership rules.

Referred to Committee on Finance
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WeVote Research Nonpartisan
Bill Summary · S 1122

Summary of Bill S 1122 (South Carolina, 2025-2026)

Purpose and intent

S 1122 amends the South Carolina Textiles Communities Revitalization Act by tightening and clarifying what counts as “rehabilitation expenses” for purposes of eligible tax credits or incentives. The focus is on defining which expenditures related to textile mill sites qualify when a redevelopment project is undertaken, with emphasis on renovation, demolition, and related site improvements.

Key provisions and changes

  • Definition of rehabilitation expenses (Section 12-65-20(8)(a)):
    • Rehabilitation expenses include:
    • Costs for rehabilitation, renovation, or redevelopment of a textile mill site.
    • Demolition of existing buildings on the site.
    • Environmental remediation.
    • Site improvements.
    • Construction of new buildings and other improvements on the textile mill site.
    • Excludes:
    • The cost of acquiring the textile mill site.
    • The cost of personal property located at the textile mill site.

  • Eligibility conditions for expenses:

    • For expenses 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.
    • This renovation/demolition requirement applies independently to each Notice of Intent to Rehabilitate (i.e., separate projects or parcels must meet the renovation or demolition criterion on their own).
    • For any contiguous parcel included within the textile mill site (as per 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.

  • Effective date (Section 2):

    • The act takes effect upon approval by the Governor.

Who/what is affected

  • Textile mill sites and associated redevelopment projects within South Carolina that seek to qualify for the textiles revitalization incentives.
  • Property owners or affiliates who are proposing rehabilitation projects that include multiple notices of intent to rehabilitate, particularly where ownership ties exist between the textile mill and contiguous parcels.
  • Environmental and construction activities on qualifying mill sites, including demolition, remediation, and construction of new or improved facilities.

Procedural and timeline aspects

  • Introduced and read first time: April 15, 2026.
  • Referral: Committee on Finance (likely for review and potential amendment).
  • Governor approval: The bill takes effect upon the Governor’s approval (no separate effective date provided beyond gubernatorial action).

Practical impact

  • Provides a clarified and possibly narrower or clarified definition of which rehabilitation-related expenditures qualify for the textiles revitalization incentives.
  • Emphasizes that eligibility hinges on per-notice compliance (each Notice of Intent to Rehabilitate must independently meet the renovation/demolition requirement).
  • Addresses interparcel scenarios where ownership overlaps between the mill and contiguous parcels, clarifying when renovation or demolition is required for eligibility.

If you’d like, I can comparison-review this with existing provisions in Section 12-65-20 or provide a plain-language glossary of terms used in the bill.

Compiled from official sources — confirm details with the bill’s official record.

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