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For Qualified Sites Accepted Into The Brownfield Cleanup Program Prior To June 23, 2008
Get For Qualified Sites Accepted Into The Brownfield Cleanup Program Prior To June 23, 2008
X Law - Sections 21 and 606(dd) 2009 calendar-year filers, mark an X in the box: Other filers enter tax period: beginning and ending File a separate Form IT-611 for each Certificate of Completion (CoC) with your personal income tax return, Form IT-201, IT-203, IT-204, or IT-205. Name(s) as shown on return Identifying number as shown on return A Did the Department of Environmental Conservation (DEC) accept this site into the Brownfield Cleanup Program prior to June 23, 2008? .
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Beneficiarys FAQ
These properties often are eyesores as well as potential health and safety concerns for the community. Cleaning up and redeveloping a brownfield property enables infill development, increases the tax base, spurs job creation and often kick-starts revitalization activities within a neighborhood.
The Brownfields Tax Incentive first passed as part of the Taxpayer Relief Act of 1997. It allowed taxpayers to deduct remediation expenditures for the cleanup of a property if the property was used for trade, business, or producing income.
Brownfield remediation is the act of removing or sealing off points of contamination within a property in order for the property to be used again without health concerns.
Brownfields and land reuse sites are areas that may be contaminated with chemicals from past or current uses. The National Brownfields/Land Reuse Health Initiative works with cities, towns, and neighborhoods to help redevelop these sites.
Since brownfield sites tend to be in densely developed, centralized areas, redevelopment in these areas leads to shorter car trips and overall reduced car use due to more efficient home/work travel patterns. These efficient travel patterns reduce growth in vehicle miles traveled (VMT).
"Brownfield" is the technical name for an underused or abandoned industrial or commercial property. Brownfields can range from old factories to vacant warehouses; from defunct gas stations to former dry cleaning establishments. Many Brownfields are contaminated with potentially dangerous waste.
Brownfield redevelopment serves several important purposes: Clean-up of contaminated sites can minimize or eliminate exposure to potentially dangerous contaminants and improve the safety of the environment. Recycling Brownfields can prevent urban sprawl and protect open spaces from development.
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