Laws & Taxes

Laws & Taxes

South Carolina REALTORS® Release January Market Numbers

South Carolina REALTORS® (SCR) today released its January statewide housing market numbers revealing a continuation of last year's trend of more sellers putting their homes on the market at a higher price

Justice Department Settles Lawsuit Against South Carolina Landlord for Discriminating Against Families with Children

WASHINGTON, D.C. - August 14, 2012 - (RealEstateRama) -- The Justice Department announced today that John Wingard Altman has agreed to pay $25,000 to settle a lawsuit involving violations of the Fair Housing Act at Altman Apartments, a 16-unit apartment complex he owns in Summerville, S.C. In July 2012, the court, ruling on a motion filed by the government, found that the defendant had violated the Fair Housing Act by discriminating against families with children.

The Battle Against Private Transfer Taxes on Real Estate in South Carolina

Anderson, SC - June 14, 2010 - (RealEstateRama) -- Private transfer taxes are a new and troubling development in real property law. Private transfer taxes allow for private parties to impose real estate transfer taxes or fees on the sale of real property. Private transfer taxes are similar to the real estate transfer tax, except that it is a private party that collects the fee upon every single sale of a particular home, rather than a governmental entity

Spratt Votes To Extend Unemployment Insurance Benefits, Homebuyers’ Tax Credit, Business Tax Relief

WASHINGTON, D.C. - November 5, 2009 - (RealEstateRama) -- The U.S. House of Representatives today gave final approval to a bill backed by Rep. John Spratt (D-SC) that would extend unemployment benefits, the homebuyers' tax credit, and the tax relief for military families and businesses.

Department Of Treasury Awards Wachovia $105 Million New Markets Tax Credit Allocation

Award brings Wachovia's total program allocation to $488 million CHARLOTTE, N.C., October 05, 2007 — Wachovia announced today that it received a $105 million allocation of...

First Financial Holdings, Inc. Reports Effect of Change in State Tax Law

CHARLESTON, S.C., Aug. 31 /PRNewswire-FirstCall/ -- First Financial Holdings, Inc. ("Company") (Nasdaq: FFCH), the holding company of First Federal Savings and Loan Association of...

Cut in property tax seen as boon for S.C. homes

The housing construction boom just over the state line in South Carolina will likely get a boost from the state's property-tax reform. The initiative...

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South Carolina REALTORS® release June market numbers

South Carolina REALTORS® (SCR) today released its June housing market reports. The data show an up-tick in sales and prices for most areas, while the number of homes for sale and total months supply of inventory have been going down.

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REALTORS® release February market numbers

South Carolina REALTORS® (SCR) today released its February housing market data indicating a continuing trend of price increases and inventory shortages. New listings were up almost seven percent to 9,815 while while pending sales decreased six percent to 6,149. Inventory shrank by six percent to 32,129 units. Prices throughout February were up by seven percent with a median sales price of $180,000.