The Greenville County Finance Committee approved a request to designate a unit within 214 Industrial Drive as an abandoned building site so the property owner can pursue South Carolina abandoned building tax credits for rehabilitation.

Attorney Sean Faulkner, representing Industrial Drive Investors, said the building is an old warehouse and the purchasers seek a county designation that will allow them to apply to the Department of Revenue for credits. “They’re going to try to use some abandoned building tax credits, you know, to help revitalize the building,” Faulkner told the committee. He said the seller would sign an affidavit only for one unit even though more of the structure was in disuse; under the state “200% rule” Faulkner said the owner could seek credit for the whole building if the one unit qualifies.

Committee members moved and approved the request by voice vote. The committee’s action was to deem the specified unit an abandoned building site for purposes of the tax-credit application; the Department of Revenue retains authority to approve or deny credits.