Cheraw Bailey Bill Tax Incentive

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Provided By: Town of Cheraw

The Bailey Bill is a tax incentive program to encourage the rehabilitation of historic buildings by freezing the assessed value of the property for ten years. The tax incentive is obtained by investing a minimum amount into the rehabilitation of a historic building.

Use of Funds:Physical preservation work (rehabilitation, structural work, stabilization work, environmental disaster mitigation work, etc.)Ongoing maintainence of a historic structure or updates to previously preserved structure

Region Served: City/Town/Local

County Served: Chesterfield

Amount(s):

n/a

Preservation Topic: Public Buildings

Funding Type: Historic Tax Credit/Incentive