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Developers, LSPs ask Legislature to clarify brownfields tax credit eligibility for DEP‑required cleanup costs
Summary
Commercial‑real‑estate developers and licensed site professionals urged the Joint Committee on Revenue to clarify the Brownfields Tax Credit statute so cleanup and redevelopment costs required by MassDEP under the MCP are explicitly eligible for credit.
Commercial real‑estate developers and licensed site professionals urged the Joint Committee on Revenue to clarify statutory language governing the Massachusetts Brownfields Tax Credit so that cleanup and redevelopment costs required by the Department of Environmental Protection (MassDEP) under the Massachusetts Contingency Plan (MCP) are clearly eligible for the credit.
Representatives of NAIOP…
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