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Tax Credits


January 28, 2014 | Posted by Karen Mintzer 1/28/2014 | Permalink
Governor Cuomo has proposed amendments to the New York State Brownfield Cleanup Program (BCP) that would extend the program for ten years, through December 31, 2025, and make it easier to get into the BCP, but would reduce eligibility for certain tax credits that are currently available to any taxpayer that has remediated a site under the BCP. Currently, the program is scheduled to terminate on December 31, 2015. The amendments also would expand an exemption from various fees and assessments associated with the removal of contaminated soil or wastewater during construction activities that currently applies to BCP sites only. read more
November 5, 2012 | Posted by Karen Mintzer 11/5/2012 | Permalink
Last month, Governor Cuomo signed into law an extension of the availability of tax credits under the New York State Brownfield Cleanup Program (“BCP”) from March 31, 2015 to December 31, 2015. Sites in the BCP that receive a certificate of completion from the Department of Environmental Conservation by December 31, 2015 will qualify for tax credits under the BCP. read more