[CPEO-BIF] Florida Brownfields Association "Applauds Florida House's Passage of Legislation"

[Lenny Siegel <lsiegel@cpeo.org>]

PRESS RELEASE 
FLORIDA BROWNFIELDS ASSOCIATION
APRIL 10, 2015

FBA Applauds Florida House's Passage of Legislation
to Eliminate $12 Million VCTC Backlog

The Florida Brownfields Association ("FBA") applauds the passage yesterday by the Florida House of Representatives of a measure that would eliminate the current $12 million Voluntary Cleanup Tax Credit ("VCTC") backlog. This measure, if enacted, included in the Florida House's tax cut package (House Bill 7141), would bring significant relief to the over 200 Brownfield cleanup and redevelopment applicants and projects now on the current VCTC backlog list.

Florida's VCTC tax credit program serves as the primary state financial incentive to encourage the voluntary cleanup and redevelopment of Brownfield sites and plays a key role in driving investment in Brownfield areas. For the calendar 2014 year, the total VCTC application amount (approx. $9.38 million) received by the Florida Department of Environmental Protection ("FDEP") was the highest VCTC annual amount ever in Brownfield program history. Florida's VCTC program has a current annual state statutory funding limit of $5 million

…

For the entire release, see
http://c.ymcdn.com/sites/www.floridabrownfields.org/resource/resmgr/FBA_Press_Release_4-10-15.PDF

--

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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