COLUMBIA, S.C. (WACH) — On Thursday, South Carolina Governor Henry McMaster signed the Tax Increment Financing Bill into law.
Gov. McMaster was joined by North Charleston Mayor Reggie Burgess, members of the General Assembly, and other local leaders for the ceremonial bill signing of the act, also known as H. 3333.
The act allows redevelopment authorities (RDAs) at former federal military installations to use Tax Increment Financing (TIF) funds for developing affordable housing projects…