Enhances tax credits for projects on certain Brownfield sites in New York.

The bill amends the tax law to provide enhanced tax credits for projects on certain Brownfield sites. It specifies that the tangible property credit component is available for qualified sites meeting specific criteria, such as being located in an environmental zone or a disadvantaged community. The bill also sets limits on the credit amount based on the project's total value and the level of soil cleanup. Additionally, it mandates that certain projects comply with prevailing wage requirements unless a project labor agreement is in place.

Enhances tax credits for projects on certain Brownfield sites in New York.

The bill amends the tax law to provide enhanced tax credits for projects on certain Brownfield sites. It specifies that the tangible property credit component is available for qualified sites meeting specific criteria, such as being located in an environmental zone or a disadvantaged community. The bill also sets limits on the credit amount based on the project's total value and the level of soil cleanup. Additionally, it mandates that certain projects comply with prevailing wage requirements unless a project labor agreement is in place.