Download or read book Brownfields Tax Incentive Extension written by Mark E. Anthony Reisch and published by . This book was released on 2006 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: The brownfields tax incentive expired on December 31, 2005. Enacted in 1997, the provision allowed a taxpayer to fully deduct the costs of environmental cleanup in the year the costs were incurred (called "expensing"), rather than spreading the costs over a period of years ("capitalizing"). The provision was adopted to stimulate the cleanup and development of less seriously contaminated sites by providing a benefit to taxpaying developers of brownfield properties. Two bills that received congressional attention contained extensions of the provision; in one case (H.R. 4297,P.L. 109-222), the bill was dropped in conference, and in the other (H.R. 5970), the bill passed the House but failed in the Senate. Nevertheless, in each of its budget proposals since FY2003, the administration has suggested that Congress make the tax incentive permanent. Information on the extent of use of the brownfields tax incentive cannot be determined from federal income tax returns. However, to take advantage of the tax break, a developer had to obtain a certification from the state environmental agency that the site qualified as a brownfield. CRS surveyed the agencies of all states in 2003 to ask how many applications they had received and approved. Twenty-seven states reported that they had received brownfield tax incentive applications, for a total of 161 application, of which 147 were approved. The other 23 states reported that they received no requests for certification.
Download or read book Proposed Brownfields Tax Incentive written by and published by . This book was released on 1996 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brownfields Tax Incentive Extension written by and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The brownfields tax incentive expired on December 31, 2005. Enacted in 1997, the provision allowed a taxpayer to fully deduct the costs of environmental cleanup in the year the costs were incurred (called "expensing"), rather than spreading the costs over a period of years ("capitalizing"). The provision was adopted to stimulate the cleanup and development of less seriously contaminated sites by providing a benefit to taxpaying developers of brownfield properties. Two bills that received congressional attention contained extensions of the provision; in one case (H.R. 4297, P.L. 109-222), the bill was dropped in conference, and in the other (H.R. 5970), the bill passed the House but failed in the Senate. Nevertheless, in each of its budget proposals since FY2003, the administration has suggested that Congress make the tax incentive permanent. Information on the extent of use of the brownfields tax incentive cannot be determined from federal income tax returns. However, to take advantage of the tax break, a developer had to obtain a certification from the state environmental agency that the site qualified as a brownfield. CRS surveyed the agencies of all states in 2003 to ask how many applications they had received and approved. Twenty-seven states reported that they had received brownfield tax incentive applications, for a total of 161 applications, of which 147 were approved. The other 23 states reported that they received no requests for certification.
Download or read book Brownfield Tax Incentives written by and published by . This book was released on 2010 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brownfield Redevelopment Tax Incentives written by and published by . This book was released on 1999 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brownfields and the 50 states written by United States. Congress. House. Committee on Government Reform. Subcommittee on Federalism and the Census and published by . This book was released on 2006 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Guide to Brownfields Financial Tax Incentive Program written by and published by . This book was released on 2004 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Brownfields Financial Tax Incentive Program allows municipalities to give tax assistance for the purposes of environmental rehabilitation of brownfields properties. Brownfields properties are typically vacant, underused or abandoned lands on which industrial or commercial activity has taken place. This guide explains how the Program may provide tax assistance for eligible properties in need of environmental remediation. It also includes details on the Program's application form and legislative and regulatory requirements as well as operational program requirements.
Download or read book Brownfields Tax Incentive Guidelines written by and published by . This book was released on 2007 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brownfields written by United States. General Accounting Office and published by . This book was released on 2000 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report to the Chairman, Committee on Commerce, House of Representatives.
Download or read book Brownfields Tax Incentive Fact Sheet written by United States. Environmental Protection Agency. Office of Solid Waste and Emergency Response and published by . This book was released on 1997 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New York State Tax Credits Available for Remediated Brownfields written by and published by . This book was released on 2010 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This publication describes the New York State tax credits associated with the "Brownfield Cleanup Program" established under Title 14 of Article 27 of the Environmental Conservation Law (ECL)"--Page 3.
Download or read book Brownfields Tax Incentives written by and published by . This book was released on 2001 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Comparison of Ohio s Proposed Tax Credits for Cleaning Up Brownfields and Retaining Jobs with Similar Authorized Connecticut Credits written by John Rappa and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Compares Ohio's proposed tax credits for cleaning up environmentally contaminated properties (i.e., brownfields) and retaining jobs with comparable credits authorized under Connecticut law.
Download or read book Tax Incentives for Development of Brownfield Land written by Great Britain. Treasury and published by . This book was released on 2007 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Incentives for Development of Brownfield Land written by and published by Hm Treasury. This book was released on 2007-01-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New York and Connecticut s Brownfield Clean up Tax Credits written by John Rappa and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Compares New York and Connecticut's tax credits for cleaning up and redeveloping brownfields.
Download or read book Brownfields Programs and Tax Incentives are Stimulating the Redevelopment of Brownfields Properties in North Carolina and South Carolina written by Farah Rodenberger and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Article addresses (1) liability that developers face for cleanup costs associated with brownfield sites, which are contaminated properties as defined by statutes and regulations, regardless of whether they have caused or contributed to the contamination at the sites; (2) federal, North Carolina, and South Carolina brownfield programs offering some liability protection to developers; and (3) tax incentives enacted to encourage developers to redevelop these brownfield sites. The Article begins with a discussion of potential liability under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) (more commonly known as the Superfund law). The Article then reviews federal tax legislation (including the Taxpayer Relief Act, enacted in 1997, and the Small Business Liability Relief and Brownfields Revitalization Act, enacted in 2002) to boost funding for assessment and cleanup of brownfields, to enhance state response programs, and to clarify Superfund liability. The Article similarly reviews North Carolina and South Carolina brownfield programs and tax incentives serving to address assessment and cleanup of brownfields, Superfund liability, and liability protections.The Article notes that business developers are wary of brownfields primarily because of the possibility of facing environmental liability and the high costs associated with environmental cleanups. The Article comments that brownfield revitalization legislation offers certain protections against liability and permits developers to perform less costly cleanups determined by land use restrictions and other factors, and financial incentives to develop brownfields in the form of deductions, tax exclusions, and other tax incentives. The author recognizes that business developers rarely select business locations based solely on the availability of brownfield programs and tax incentives, and also consider factors such as population, education, existing infrastructure, and access to transportation. The author concludes, however, that all other factors being equal, federal, North Carolina, and South Carolina brownfield programs and tax incentives may ultimately determine the final selection of a location for business.
