An Act facilitating brownfields redevelopment
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to encourage the cleanup and redevelopment of brownfields – sites with environmental contamination – by offering tax credits to developers and property owners. The goal is to stimulate economic activity and revitalize areas affected by past industrial practices. The bill provides financial incentives to support projects that remediate these sites, making them suitable for new uses. It seeks to address environmental concerns while promoting economic growth.
Key provisions
- Provides tax credits for brownfields redevelopment projects.
- Encourages the cleanup and reuse of contaminated sites.
- Supports economic development in areas with brownfields.
- Focuses on remediation of sites previously used for industrial purposes.
Who is affected
- Developers
- Property Owners
- Environmental Remediation Companies
- Local Governments
- Communities near brownfields
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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