[CPEO-BIF] "EPA Seeks IRS Help to Push Investors to Contaminated Sites"

[Lenny Siegel <lsiegel@cpeo.org>]

EPA Seeks IRS Help to Push Investors to Contaminated Sites
	• EPA seeks details from IRS on opportunity zones
	• Agency says confusion is limiting investment in brownfield sites


By Sylvia Carignan
Bloomberg Environmental 
October 17, 2019



The EPA wants investors to take advantage of a tax benefit program focused on distressed communities, but says it first needs help from the IRS.

Existing regulations for the Internal Revenue Service’s “opportunity zones” distressed community investment program aren’t clear enough to spur investors to confidently sink funds into brownfield sites, an Environmental Protection Agency official said Oct. 17.

“We really would love - love - for the IRS to clarify things for us,” said Aimee Storm of the EPA’s Office of Brownfields and Land Revitalization in Washington, D.C. She spoke at a conference in Newark, N.J., organized by Brownfield Listings, which runs a classifieds board for properties with redevelopment potential.

…

For the entire article, see
https://news.bloombergenvironment.com/environment-and-energy/epa-seeks-irs-help-to-push-investors-to-contaminated-sites

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
A project of the Pacific Studies Center
LSiegel@cpeo.org
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650-961-8918
http://www.cpeo.org





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