Bill > A10200

This bill expands eligibility for the brownfield redevelopment tax credit by lowering population thresholds for certain cities and counties, making more sites qualified for the credit. Specifically, it reduces the population requirement for cities to be considered eligible from over 205,000 to over 175,000 residents, and for counties from over 1 million to over 700,000 residents, when a certificate of completion for a brownfield site was issued between January 1, 2017, and December 31, 2017. This change impacts the duration for which site preparation costs and tangible property credits can be claimed, extending them to up to 180 months after the certificate of completion is issued for qualifying sites in these newly eligible areas. The bill also clarifies that "site preparation costs" include various expenses necessary for investigating, remediating, and completing a brownfield site, and that certain athletic facilities can be considered buildings for credit purposes.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A10200