2012 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Tue, 12 Jun 2012 07:34:03 -0700 (PDT)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] NPCR "pushes for Brownfield tax credit reform" in New York State
 
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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