Cherrytree Group Blog

Appeals Process Change for Brownfields Tax Credits

[fa icon="calendar'] Mar 15, 2014 11:55:00 AM / by Lillian Clark posted in Brownfields Tax Credits, appeal for brownfields

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     Massachusetts Brownfields Act is a statute that allows eligible developments to receive a tax credit of up to 50% of costs directly incurred in remediating environmental contamination in situations where the contamination was not caused by the taxpayer. The credit is awarded based on the amount of eligible remediation expenses that are approved by the Department of Revenue (DOR). Not all of the expenses submitted for a Brownfields Tax Credit (BTC) however, are initially approved by the DOR.
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