Brownfield tax credits

The Department of Environmental Conservation (DEC) administers the Brownfield Cleanup Program and determines who is eligible to participate in the program. New York State offers three refundable tax credits under the Brownfield Cleanup Program. The tax credits offered are the:

• remediated brownfield credit for real property taxes, available to sites accepted into the Brownfield Cleanup Program prior to July 1, 2015,
• environmental remediation insurance credit, available to sites accepted into the Brownfield Cleanup Program prior to July 1, 2015, and
• brownfield redevelopment tax credit, available to sites accepted into the Brownfield Cleanup Program 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 Brownfield Cleanup Program, and receive a Certificate of Completion from the DEC.

For additional information about the Brownfield Cleanup Program and for information about how to apply, visit DEC: Brownfield Cleanup Program.

To learn about other New York State tax credits available to businesses, see Business incentives.