James J. Periconi, Esq. | 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.
Category: Brownfields Cleanup |
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Tags: Brownfield Cleanup program, environmental legislation reform, NYSDEC
James J. Periconi, Esq. | 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.
Category: Brownfields Cleanup |
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Tags: Brownfield Cleanup program, environmental legislation reform, NYSDEC
James J. Periconi, Esq. | 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 [...]
Category: Brownfields Cleanup, Real Estate Transactions & Environmental Law |
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Tags: BCP, Brownfields, cleanup program, contamination, dec's soil cleanup objectives, Denial of eligibility, Department of Environmental Conversation, Governor Paterson, lighthouse pointe, New York