[CPEO-BIF] "Colorado Bill S.B. 73 Establishes Income Tax Credit for Cleanup of Contaminated Brownfield Sites"

[Lenny Siegel <lsiegel@cpeo.org>]

Colorado Bill S.B. 73 Establishes Income Tax Credit for Cleanup of  
Contaminated Brownfield Sites

by Jon Steeler
National Law Review
May 28, 2014

The bill, which takes effect August 6, 2014, establishes an income  
tax credit for individuals, organizations and other entities that  
perform approved environmental cleanup of contaminated lands  
including Brownfield sites.

Here are important details included in the bill.

* Beginning in tax year 2014, individuals, organizations and  
"qualified entities" may take an income tax credit for performing any  
approved environmental remediation of contaminated property. (In the  
bill, "qualified entity" is defined as a county, home rule county,  
city, town, home rule city or private nonprofit entity.)


* The total amount of the credit is 40 percent of the first $750,000  
of remediation costs and 30 percent of costs over $750,000 up to $1.5  
million dollars.

...

For the entire article and a link to the full bill, see
http://www.natlawreview.com/article/colorado-bill-sb-73-establishes- 
income-tax-credit-cleanup-contaminated-brownfield-si

--

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

_______________________________________________
Brownfields mailing list
Brownfields@lists.cpeo.org
http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org