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Bill > H7071


FL H7071

FL H7071
Contaminated Site Rehabilitation Tax Credit


summary

Introduced
04/21/2023
In Committee
04/24/2023
Crossed Over
Passed
Dead
05/05/2023

Introduced Session

2023 Regular Session

Bill Summary

Increases annual limitation for contaminated site rehabilitation tax credits.

AI Summary

This bill increases the annual limitation for contaminated site rehabilitation tax credits from $27.5 million in the 2021-2022 fiscal year and $10 million in each subsequent fiscal year, to $36.1 million in each fiscal year beginning in 2023-2024. The Department of Environmental Protection is responsible for allocating these tax credits, which are available for the rehabilitation of drycleaning-solvent-contaminated sites and brownfield sites in designated brownfield areas.

Sponsors (1)

Other Sponsors (1)

Appropriations Committee (House)

Last Action

Died on Second Reading Calendar (on 05/05/2023)

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