Extends the duration of certain brownfield redevelopment and remediation tax credits for a site at 1800 Park Avenue.
This 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 allows eligible sites to claim tax credits for a longer period, up to ten consecutive tax years, provided the site meets certain criteria, including having a brownfield cleanup agreement with the Department of Environmental Conservation before January 21, 2005, and receiving a certificate of completion by October 24, 2016.
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