Webinar Slides Available: What Happened to the Brownfields Tax Incentive?
Slides for the April 11 webinar - "What Happened to the Brownfields Tax Incentive?" are now available for download. Click here to get access to the pdf.
Daniel Walsh, Director of New York City's Office of Environmental Remediation
Since 1997, the Brownfields Tax Incentive has encouraged brownfields cleanup and redevelopment. This federal incentive, also known as IRS § 198, allows cleanup costs at brownfields to be fully deducted in the year incurred, rather than capitalized and deducted incrementally over a property's useful life. This incentive, however, expired at the end of 2011 and has not been renewed. In this webinar, experts described the incentive, described projects across the country that have used it, and educated attendees about current legislative efforts to renew the incentive.