When you donate land or an easement, or sell your property for less than fair market value for conservation purposes, you may be eligible for a South Carolina income tax credit for 25% of the value of the donation up to $250 per acre. You can use the credits to the extent of your tax liability up to $52,500 per year, and carry forward, gift or sell any remaining credits.
Since your qualified gift is deductible at the federal and state levels, you may not have the tax liability to benefit from the credits on your personal tax returns. The SC Conservation Credit Exchange finds qualified buyers for your credits by educating taxpayers and their financial advisors about the benefits of conservation tax credits. We develop demand for the credits to build a higher cash value for you. A year-round market exists for the credits, so you do not have to wait until year-end to sell your credits.
To begin the process, give us a call or submit your request here. You pay no upfront fees. We deduct a 5% transaction fee from the buyer at the time of closing.