Cherrytree Group Blog

Zoning In On An Opportunity To Save On Taxes

[fa icon="calendar'] Feb 17, 2020 8:51:26 AM / by Warren Kirshenbaum posted in Brownfields Tax Credits, Historic Rehabilitation Tax Credit, Renewable Energy, Low Income Housing Tax Credit (LIHTC), capital gains rates, environmental tax credit, Tax credits, opportunity zones, ITC, OZ, tax reform, historic tax credits, historic buildings

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Unless you happen to earn your living in the financial planning field, you maybe be only slightly aware of the monumental nature of the changes to the IRS’s

, passed by Congress in 2017.

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Development Planning: Utilizing Incentives

[fa icon="calendar'] Nov 7, 2017 10:42:47 AM / by Melina Ambrosino posted in Brownfields Tax Credits, Federal Tax Credit, warren kirshenbaum, melina ambrosino, larry curtis, brian earley, WinnDevelopment, The Kraft Group, Development Planning: Utilizing Incentives, Event, Gillette Stadium, robert atwood

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BOSTON –  Over 50 Massachusetts developers, architects, attorneys and tax professionals gathered at Gillette Stadium to listen as industry leaders discussed the field of tax credit acquisition and syndication for historic preservation, renewable energy creation or remediation of contaminated land.

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What you need to know about the Brownfields Tax Credit.

[fa icon="calendar'] Nov 18, 2016 9:30:00 AM / by Jake Vezga posted in Brownfields Tax Credits

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Did you know?

The Massachusetts Department of Revenue offers a 50%, dollar for dollar, tax credit towards the eligible costs incurred for the remediation of a brownfields site?

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The Top Five Reasons to Purchase a Brownfields Site

[fa icon="calendar'] Jul 24, 2015 3:26:01 PM / by Warren Kirshenbaum posted in Brownfields Tax Credits

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Not every developer has the interest to buy contaminated land, especially considering the significant costs that are associated with remediating brownfields sites.  For the right person however, there are several benefits to developing brownfields land:

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The New Landscape of Tax Credits in Massachusetts

[fa icon="calendar'] Jul 10, 2015 4:40:05 PM / by Warren Kirshenbaum posted in Brownfields Tax Credits

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      With the 2016 fiscal year almost upon us, and the new Massachusetts Governor, Charlie Baker attempting to close a budget gap of approximately $1.8BN,it is expected that our legislators will take a hard look at incentives and tax credits as a way in which to balance the budget. 

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What it Takes to Develop a Brownfields Site

[fa icon="calendar'] Jun 12, 2015 3:11:24 PM / by Lillian Clark posted in Brownfields Tax Credits

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   Last Friday, Cherrytree Group hosted our third annual seminar, “Developing a Brownfields Site: Building a Toolkit for Success”.  This was a panel discussion which drew experts from several different fields together to discuss how to work together and essentially form a team to develop a Brownfields site without ‘breaking the bank’.  

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New Guidelines Mean Higher Scrutiny for Massachusetts Brownfields Tax Credits

[fa icon="calendar'] Feb 13, 2015 11:12:00 AM / by Warren Kirshenbaum posted in Brownfields Tax Credits, Directive

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 Following the implementation on November 18, 2013, the Massachusetts Department of Revenue's ("DOR") Tax Administration Directive 13-4, DOR has been applying a more vigorous and disciplined interpretation of its guidelines than ever before in the history of the Massachusetts Brownfields Tax Credit Program ("BTC").  The Directive provided for an appeal procedure that in the case of a partially approved tax credit, allows the use of the approved portion and the appeal of the portion of the credit that DOR proposes to deny. 

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Brownfields Tax Credits and the 21J Program

[fa icon="calendar'] Dec 9, 2014 11:39:00 AM / by Warren Kirshenbaum posted in Brownfields Tax Credits, 21J

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The Massachusetts Underground Storage Tank Program (the “21J program”) was established in 1991 by Massachusetts General Laws Chapter 21J.  The purpose of the 21J program is to "prevent the need for environmental cleanup actions and to expedite environmental cleanup actions by providing partial reimbursement to owners or operators of underground storage tanks  … for costs, expenses and other obligations incurred as a result of releases of petroleum products …” from their underground storage tank (“UST”) systems. (Emphasis added).

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Buying and Selling Distressed Properties

[fa icon="calendar'] Nov 14, 2014 11:41:00 AM / by Lillian Clark posted in Brownfields Tax Credits

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Most people would never consider intentionally purchasing a contaminated property.  There are those however, who see opportunity in purchasing contaminated parcels of land with the intent to remediate them and then either develop or resell the property.

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Obtaining a Brownfields: Why You May Be Closer Than You Think

[fa icon="calendar'] Oct 31, 2014 11:43:00 AM / by Lillian Clark posted in Brownfields Tax Credits

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What is a Brownfields? This seemingly simple question actually generates a lot of discussion; and depending on who you ask, you might get very different answers. In order to clarify this topic, Cherrytree Group put together an event where industry experts explained: the definition of a Brownfields, what constitutes a Brownfields, and the Brownfields Tax Credit Program in Massachusetts.

The Obtaining a Brownfields conference was such a success, that we have hosted the event twice. First in Boston, MA in May, and again most recently this October in Springfield, MA.  At both events, attendees had the chance to hear leaders in the environmental industry explain their professional experience working with the Massachusetts Brownfields program.  The speakers at the recent Springfield event were:  Kerry Bowie, Director of Brownfields and Environmental Justice, MA DEP, Richard Cote, P.E., LSP, Comprehensive Environmental Inc., and Warren Kirshenbaum, President, Cherrytree Group.  These speakers presented their knowledge on the different facets of the Massachusetts Brownfields Program using case studies and real life examples.  Attending LSPs had the option to register for credit and receive 2.0 technical credits for the conference.

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