2012 CPEO Brownfields List Archive

From: Lenny Siegel <lennysiegel@gmail.com>
Date: Fri, 17 Aug 2012 06:16:59 -0700 (PDT)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] Industry Sues New York for Brownfields Tax Credits
 
Industry Sues New York for Its Money, Now

By MARLENE KENNEDY
Courthouse News Service
August 16, 2012

ALBANY, N.Y. (CN) - Financially stressed New York illegally deferred $87 million in brownfields tax credits to a company that cleaned up a polluted industrial site, the company claims in court.

Empire Gen Holdings and Empire Generating Co. sued New York and its governor in Albany County Supreme Court, challenging Chapter 57 of the Laws of 2010, which amended Sections 33 and 34 of the state tax law (the deferral provisions).

"The deferral provisions are fundamentally unfair, unlawful and unconstitutional," Empire Gen says, citing the due process, equal protection and contracts clauses of the state and U.S. Constitutions. "In fact, the deferral provisions serve to discourage additional investment within New York State."

...

For the entire article, see
http://www.courthousenews.com/2012/08/16/49355.htm

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street, 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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