2014 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Thu, 24 Apr 2014 21:28:18 -0700 (PDT)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] Colorado tax credit legislation
Who exactly will benefit from a bill to offer brownfield redevelopment tax credits?

by Ed Sealover
Denver Business Journal (CO)
April 23, 2014

A pair of professionals who could benefit from a proposed tax credit for brownfield redevelopment say that the incentive would be helpful - but not do-or-die-critical - to their ability to complete projects on which they are working.

Senate Bill 73, sponsored by Sen. Cheri Jahn, D-Wheat Ridge, would allocate as much as $3 million in tax credits in the next fiscal year for companies conducting environmental remediation activities on properties proposed for redevelopment. It's scheduled for a key hearing Thursday morning in the House Finance Committee.

Senators reduced the funding from $10 million and passed the bill by an overwhelming 32-2 margin last week, but questions lingered on exactly how much the tax credit would spur rejuvenation of properties that have remained empty because of the amount of pollution clean-up that's needed. And Jahn said she remains concerned that some House members will question if there is room even for $3 million in increased tax credits in the budget for the fiscal year that begins on July 1.


For the entire article, see
http://www.bizjournals.com/denver/blog/capitol_business/2014/04/who- exactlywill-benefit-from-a-bill-to-offer.html


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

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