Yes. A homeowner does not have to be a recipient of an SC Safe Home grant to qualify for income tax credits. However; all qualifying fortification measures must meet the requirements of the South Carolina Department of Insurance Regulation 69-75.
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Yes. Fortification measures that are in accordance with the standards that are contained in the South Carolina Safe Home Resource Document for Mitigation Techniques qualify for tax credits. You may find additional information regarding these mitigation techniques in the documents below.
Section A. Introduction
Section B. Roof Deck Attachment
Section C. Secondary Water Barrier
Section D. Roof Coverings
Section E. Gable End Bracing
Section F. Reinforcing Roof to Wall Connections
Section G. Opening Protection
Section H. References and Resources
No. Tax credits cannot be claimed if the only money spent on the fortification project was grant money that was not included in income on the homeowner’s individual income tax return. See S.C. Code Sections 12-6-3660 and 12-6-3665. Refer to the help tools and resources of the IRS for further federal tax questions.
Questions concerning mitigation techniques that may qualify for tax credits should be directed to the SC Safe Home Program. Questions and concerns regarding SC tax credits should be directed to the South Carolina Department of Revenue.