[CPEO-BIF] "Brownfield Cleanup Act reform did not survive the crush of last-minute negotiations over New York State's 2014-15 budget..."

[Lenny Siegel <lsiegel@cpeo.org>]

Brownfield Cleanup Act Reform: The Saga Continues

David J. Freeman and Lawrence Schnapf
New York Law Journal
April 14, 2014

Brownfield Cleanup Act reform did not survive the crush of last- 
minute negotiations over New York State's 2014-15 budget. The  
governor's office, the Senate and the Assembly each introduced their  
own proposals for accomplishing needed reforms, but while they  
narrowed their differences, they were not able to reach consensus on  
a path forward. So negotiations on these issues will continue,  
hopefully during this legislation session and well in advance of the  
expiration at the end of 2015 of tax credits under the Brownfield  
Cleanup Program (BCP).

This article reviews the differences among the governor's, Senate's  
and Assembly's proposals and makes suggestions as to how these  
differences might be resolved.

Extension of Brownfield Tax Credits—A key driver for amending the BCP  
is the looming expiration of the tax credits. The governor's bill  
proposes a selective extension...

...

For the entire article, see
http://www.newyorklawjournal.com/expert-analysis/id=1202650815240/ 
Brownfield%20Cleanup%20Act%20Reform%20The%20Saga%20Continues? 
mcode=1380566174563&curindex=0&slreturn=20140313140343

--

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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