Extends the duration of certain brownfield redevelopment and remediation tax credits for certain sites

Summary

The bill makes the former brownfield at 125 Bath Street in Ballston Spa eligible for state redevelopment and remediation tax credits and lengthens the credit periods for site‑preparation, groundwater cleanup, and tangible‑property costs. Credits apply only if the property is placed in service before the 2036 tax year and, for some credits, if the developer acquires the site by that date. The measure aims to spur redevelopment of the cleaned‑up property.

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