SC State Income Tax Credit for Fortification Measures

Posted By Scott Vansant @ Jul 18th 2022 2:31pm

The Omnibus Coastal Property Insurance Reform Act of 2007 provides certain income tax credits for the costs a homeowner incurs in making his home more resistant to losses due to hurricane damage. 

Section 12-6-3660 of this Act provides an income tax credit for the costs incurred to retrofit a structure qualifying as the taxpayer’s legal residence to make it more resistant to loss due to hurricane, rising floodwater, or other catastrophic windstorm event. The tax credit for any taxable year is limited to 25% of the total costs incurred or $1,000, whichever is less.

Section 12-6-3665 of this Act allows an income tax credit of up to $1,500 for state sales or use taxes paid on purchases of tangible personal property used to fortify one’s legal residence.

The fortification measures that qualify for the tax credit include roof covering construction measures:

  • Roof Attachment
  • Roof-to-Wall Connections
  • Secondary Water Resistance
  • Opening Protection

For more information see the South Carolina Department of Insurance (SC DOI) – Resource Document for Mitigation Techniques

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