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Archived Tax Information

Q: What kind of tax benefits are available for redeveloping brownfields?

A: On the federal level, originally signed into law in 1997 and extended through December 31, 2007, the Brownfields Tax Incentive encouraged the cleanup and reuse of brownfields by providing the following advantages to taxpaying stakeholders conducting environmental cleanup at brownfield sites:

  • Allowed environmental cleanup costs at eligible properties to be fully deductible in the year incurred, rather than capitalized and spread over a period of years.
  • Types of properties eligible for the incentive included those contaminated or potentially contaminated with petroleum products or hazardous materials.
  • Previously filed tax returns could be amended to include deductions for past cleanup expenditures.

For more details or information about extension possibilities, visit http://www.epa.gov/brownfields/bftaxinc.htm.

Federal Tax Incentive – site eligibility determinations (qualified contaminated sites)

Tax Waiver – BF determinations

Brownfields Tax Incentive Fact Sheet - 2010