Extends the duration of certain brownfield redevelopment and remediation tax credits for a site at 1800 Park Avenue.

The bill extends the duration of certain brownfield redevelopment and remediation tax credits for a specific site at 1800 Park Avenue in East Harlem, New York. It applies to sites that had a brownfield cleanup agreement with the Department of Environmental Conservation before January 21, 2005, and received a certificate of completion by October 24, 2016. The tax credits are extended for a ten-year period starting from the tax year when qualified tangible property is placed in service, with the benefit period beginning no later than the 2031 tax year.

Extends the duration of certain brownfield redevelopment and remediation tax credits for a site at 1800 Park Avenue.

The bill extends the duration of certain brownfield redevelopment and remediation tax credits for a specific site at 1800 Park Avenue in East Harlem, New York. It applies to sites that had a brownfield cleanup agreement with the Department of Environmental Conservation before January 21, 2005, and received a certificate of completion by October 24, 2016. The tax credits are extended for a ten-year period starting from the tax year when qualified tangible property is placed in service, with the benefit period beginning no later than the 2031 tax year.