Agency's Revised Brownfields Criteria Would Expand New York Tax Credits

摘要

The definition of "underutilized" would be broadened in screening properties to qualify for tangible property tax credits set by the New York Brown-fields law, under a March 9 state Department of Environmental Conservation proposal. The DEC said it's reproposing the definition of underutilized properties in response to public comments that suggested that the definition proposed in June 2015 was too narrow. The earlier proposal was issued to implement changes made to the state Brownfields law in April 2015.