Expands the eligibility of the brownfield redevelopment tax credit by reducing population numbers for qualified sites.

The bill amends the tax law to expand the eligibility of the brownfield redevelopment tax credit. It reduces the population numbers for cities and counties to make more qualified sites eligible for the tax credit. The changes include adjustments to the site preparation credit component, allowing more time for certain costs to be claimed. This bill aims to incentivize redevelopment of brownfield sites by making the tax credit more accessible to a broader range of sites.

Expands the eligibility of the brownfield redevelopment tax credit by reducing population numbers for qualified sites.

The bill amends the tax law to expand the eligibility of the brownfield redevelopment tax credit. It reduces the population numbers for cities and counties to make more qualified sites eligible for the tax credit. The changes include adjustments to the site preparation credit component, allowing more time for certain costs to be claimed. This bill aims to incentivize redevelopment of brownfield sites by making the tax credit more accessible to a broader range of sites.