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. By providing financial incentives, the bill seeks to make brownfield redevelopment more attractive and feasible. It’s intended to address environmental concerns while promoting economic growth.
Key provisions
- Provides tax credits for the redevelopment of brownfields.
- Encourages the cleanup and remediation of contaminated sites.
- Aims to stimulate economic development in affected areas.
- Supports the reuse of previously unusable land.
- Focuses on promoting environmental sustainability through redevelopment.
Who is affected
- Developers
- Property Owners
- Environmental Remediation Companies
- Local Governments
- Residents in areas with brownfields
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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