Amends the definition of "rehabilitation expenses" for textile mill sites in South Carolina.

The bill amends the definition of "rehabilitation expenses" under the South Carolina Textiles Communities Revitalization Act. It specifies that expenses for the rehabilitation, renovation, or redevelopment of textile mill sites qualify for tax credits, including demolition of existing buildings, environmental remediation, and site improvements. The textile mill and buildings on the site must be either renovated or demolished.

Amends the definition of "rehabilitation expenses" for textile mill sites in South Carolina.

The bill amends the definition of "rehabilitation expenses" under the South Carolina Textiles Communities Revitalization Act. It specifies that expenses for the rehabilitation, renovation, or redevelopment of textile mill sites qualify for tax credits, including demolition of existing buildings, environmental remediation, and site improvements. The textile mill and buildings on the site must be either renovated or demolished.