Brownfield tax credits
The Department of Environmental Conservation (DEC) administers the Brownfield Cleanup Program (BCP) and determines who is eligible to participate in the program. New York State offers three refundable tax credits under the BCP. The tax credits offered are the:
- remediated brownfield credit for real property taxes, available to sites accepted into the BCP prior to July 1, 2015
- environmental remediation insurance credit, available to sites accepted into the BCP prior to July 1, 2015
- brownfield redevelopment tax credit, available to sites accepted into the BCP for the following time periods:
- prior to June 23, 2008
- on or after June 23, 2008, but prior to July 1, 2015
- on or after July 1, 2015
To claim these credits, you must apply to and be accepted into the BCP, and receive a Certificate of Completion (COC) from the DEC.
For additional information about the BCP and for information about how to apply, visit DEC: Brownfield Cleanup Program.
Note: Form DTF-70, Brownfield Redevelopment Report, is no longer required to be filed with the Tax Department. See Summary of Tax Provisions: 2015-16 or the DEC: Brownfield Cleanup Program website for more information on changes made to the Brownfield Cleanup Program effective July 1, 2015.
To learn about other New York State tax credits available to businesses, see Business incentives.