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Podcast: Spartanburg City News
Episode: How potential federal tax changes could stifle Spartanburg development
Description: It won't merit mention in national stories about proposed federal tax reform legislation that recently passed the House, but for folks in Spartanburg excited for historic redevelopments like the Montgomery Building project and community enhancements like the Northside's Franklin School, changes may be coming that would severely curtail similar projects in the future. A pair of tax credits that have been frequently used by to stimulate development in Spartanburg, the Historic Tax Credit and the New Markets Tax Credit, would be eliminated under the version of the federal tax reform bill currently being considered. Underscoring the importance of using such...