New York State Passes Legislation to Reform the Brownfield Cleanup Act of 2003 – Part II

| November 25, 2008

In our most recent post, we discussed the change in the credits allowed to brownfield developers under the new statute.  We now turn our attention to monitoring requirements and the reporting thereof, and other aspects of the new law.

New York State Passes Legislation to Reform the Brownfield Cleanup Act of 2003 – Part I.

| November 14, 2008

On July 23, 2008, Governor David Paterson signed Brownfield Reform Legislation to amend New York State’s taxation and environmental conservation laws. These amendments seek to remedy previous problems with the State’s law concerning the redevelopment tax credits allowed under the program, and to create oversight programs to monitor the program where none existed before.

New York Brownfields Law Update: Denial of eligibility decisions mostly upheld

| April 26, 2008

In 2003, the New York Legislature passed the Brownfield Cleanup Program, ECL § 27-1401 et seq.  The benefits of the Brownfield Cleanup Program (“BCP”) are many:  the developer receives a liability release from the State following DEC oversight during the cleanup of the property. The most coveted benefit, however, is a tax credit of up [...]