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Posted on Wed, Apr. 14, 2004 | | |
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Bill gives tax credits for old mill revitalization Associated Press COLUMBIA, S.C. - Developers would get tax credits for renovating old textile mills under a bill that cleared a House subcommittee Wednesday. The House bill gives a 25 percent tax credit for people who revitalize one of 65 abandoned textile mills around the state, once the work has been completed. The mills must have been closed for a year or more. The bill now heads to the full House Ways and Means Committee. | |||