Expands Brownfields Redevelopment Incentive Program to provide tax credits to developers of residential redevelopment projects on remediated.

This bill expands the Brownfields Redevelopment Incentive Program to authorize tax credits for developers of residential redevelopment projects on remediated brownfield sites. Developers must submit evidence of project costs and remediation completion. The program includes annual tax credit limits and caps, with specific allocations for different types of projects. Developers must also comply with prevailing wage requirements and submit progress reports. The bill sets criteria for tax credit eligibility, including project location and affordable housing requirements.

Expands Brownfields Redevelopment Incentive Program to provide tax credits to developers of residential redevelopment projects on remediated.

This bill expands the Brownfields Redevelopment Incentive Program to authorize tax credits for developers of residential redevelopment projects on remediated brownfield sites. Developers must submit evidence of project costs and remediation completion. The program includes annual tax credit limits and caps, with specific allocations for different types of projects. Developers must also comply with prevailing wage requirements and submit progress reports. The bill sets criteria for tax credit eligibility, including project location and affordable housing requirements.