Enhances tax credits for projects on certain Brownfield sites in cities with populations under 100,000.

New York Assembly Bill A08630 amends the tax law to provide enhanced tax credits for projects on specific Brownfield sites. These sites must be located in cities with populations under 100,000 and meet criteria such as being in an environmental zone or a disadvantaged community. The bill also specifies that the tangible property credit component of the brownfield redevelopment tax credit is available only if certain criteria are met.

Enhances tax credits for projects on certain Brownfield sites in cities with populations under 100,000.

New York Assembly Bill A08630 amends the tax law to provide enhanced tax credits for projects on specific Brownfield sites. These sites must be located in cities with populations under 100,000 and meet criteria such as being in an environmental zone or a disadvantaged community. The bill also specifies that the tangible property credit component of the brownfield redevelopment tax credit is available only if certain criteria are met.