[CPEO-BIF] NPCR "pushes for Brownfield tax credit reform" in New York State

[Lenny Siegel <lsiegel@cpeo.org>]

Group pushes for Brownfield tax credit reform

by Adam Shanks
Legislative Gazette (NY)
June 11, 2012


The New Partners for Community Revitalization, or NPCR, released a  
report June 4 providing recommendations to the state's brownfield  
redevelopment programs. The report focuses on the Brownfield Tax  
Credit, which provides tax incentives for businesses to clean and  
redevelop polluted and abandoned former industrial sites across New  
York.

The NPCR says the tax program needs to be revisited before it expires  
in March 2015. They say because the credit typically takes two to  
three years to apply for and have approved by the state Department of  
Environmental Conservation, the opportunity for rebuilding under the  
present program is essentially over.

The group contends the state should start analyzing the program and  
make adjustments now in preparation for the 2015 sunset. It believes  
the present regulatory program discourages completed redevelopment of  
industrial brownfields.

...

For the entire article, see
http://www.legislativegazette.com/Articles-Top-Stories- 
c-2012-06-11-81809.113122-Group-pushes-for-Brownfield-tax-credit- 
reform.html

For the NPCR report, go to http://www.npcr.net/.


--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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