Extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites.

This bill extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites. These sites must contain at least 40% open space and 25% affordable housing units. The credit applies to sites with a certificate of completion issued between specific dates, allowing for up to 180 months of credit. The bill also includes provisions for related party service fees and the inclusion of athletic facilities as structural components of buildings.

Extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites.

This bill extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites. These sites must contain at least 40% open space and 25% affordable housing units. The credit applies to sites with a certificate of completion issued between specific dates, allowing for up to 180 months of credit. The bill also includes provisions for related party service fees and the inclusion of athletic facilities as structural components of buildings.