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New York State Legislation

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
December 13, 2012 | Posted by Elizabeth Larsen 12/13/2012 | Permalink
        The first five land banks in New York State were approved by Empire State Development on May 17, 2012. Land banks are type C not-for-profit corporations created by local law that are given the authority to acquire vacant, abandoned or tax-delinquent properties by foreclosure proceedings or similar means (not by eminent domain) to return them to productive use. The New York Land Bank Act suggests the following possible uses for acquired land: parks, playgrounds, community areas, affordable housing, retail, commercial and industrial activities and wildlife conservation areas. All eyes will be on the pioneering five land banks as they pursue their aggressive agendas to see whether land banking is in fact a successful tool to fight blight and promote revitalization in New York State. read more