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  • Former Industrial or Commercial Site Where Future Use Is Affected 40 by Real or Perceived Environmental Contamination And

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    Maryland Student Legislature
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    This resolution proposes increasing Maryland's Brownfield tax credit from 50% to 60% to encourage more redevelopment of contaminated former industrial and commercial sites. It notes that there are over 1,000 Brownfield sites in Maryland but only 45 have been redeveloped since 1993 under the existing 50% tax credit for redevelopment costs. The resolution aims to spur more redevelopment by making the tax credit a greater incentive for those taking on Brownfield projects.

    Descrizione originale:

    The Brownfield Tax Credit

    Titolo originale

    R012-1213

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    © Attribution Non-Commercial (BY-NC)

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    This resolution proposes increasing Maryland's Brownfield tax credit from 50% to 60% to encourage more redevelopment of contaminated former industrial and commercial sites. It notes that there are over 1,000 Brownfield sites in Maryland but only 45 have been redeveloped since 1993 under the existing 50% tax credit for redevelopment costs. The resolution aims to spur more redevelopment by making the tax credit a greater incentive for those taking on Brownfield projects.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    15 visualizzazioni1 pagina

    Former Industrial or Commercial Site Where Future Use Is Affected 40 by Real or Perceived Environmental Contamination And

    Caricato da

    Maryland Student Legislature
    This resolution proposes increasing Maryland's Brownfield tax credit from 50% to 60% to encourage more redevelopment of contaminated former industrial and commercial sites. It notes that there are over 1,000 Brownfield sites in Maryland but only 45 have been redeveloped since 1993 under the existing 50% tax credit for redevelopment costs. The resolution aims to spur more redevelopment by making the tax credit a greater incentive for those taking on Brownfield projects.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    R012-1213 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 SPONSOR: Kenneth Rankins, McDaniel College A RESOLUTION CONCERNING THE

    BROWNFIELD TAX CREDIT WHEREAS: Brownfields are former industrial or commercial site where future use is affected by real or perceived environmental contamination; and, WHEREAS: There are 1,000 Brownfield sites in the state of Maryland; and, WHEREAS: Under the Brownfields Revitalization Incentive Program, there is a tax credit is given to people who work on redevelopment of these sites; and, WHEREAS: The tax credit given to site owners is only 50%; and, WHEREAS: Since 1993, only 45 of these Brownfield sites have been redeveloped; THEREFORE BE IT RESOLVED: That the Maryland Student Legislature urges the State of Maryland to increase the tax credit to 60% to create more of an incentive for the redevelopers. MANDATES: Martin OMalley, Governor Doug Gansler, Attorney General Brian Frosh, Chair, Senate Judiciary Committee

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