2011 Tax Credit Report Issued

On January 31, 2012, the DTF issued the 2011 Brownfield Credit Report as required by Chapter 390 of the Laws of 2008. The law required DTF to include in the Report the name of each taxpayer claiming a brownfield redevelopment tax credit, the amount of the credit earned and information identifying the brownfield project generating the credit. DTF is also authorized to include any other information that it deems useful in analyzing the effects of the program. According to the Report, the brownfield tax credits claimed in 2011 were as follows:

Brownfield Redevelopment Tax Credit - $279,142,810
Remediated Brownfield Credit for Real Property Taxes - $5,751,942
Environmental Remediation Insurance Credits - $0

The Report can be found on the DTF website here.

   ALLEN & DESNOYERS LLP                         Attorneys at Law - Trusted Advocates                                                                                                         

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