New York A 3915: Extends the duration of certain brownfield redevelopment and remediation tax credits for certain sites

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A03915 Summary:

BILL NOA03915 

&nbsp

SAME ASSAME AS S09676

&nbsp

SPONSORRivera

&nbsp

COSPNSRBurke, Conrad, Peoples-Stokes, McMahon, Bologna

&nbsp

MLTSPNSR

&nbsp

&nbsp

Extends the duration of certain brownfield redevelopment and remediation tax credits with respect to a site located within the Renaissance Commerce Park situate within the city of Lackawanna, Erie county.

Go to top A03915 Actions:

BILL NOA03915 

&nbsp

01/30/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA03915 Committee&nbspVotes:

Go to topA03915 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA03915 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3915

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 30, 2025
 ___________

 Introduced by M. of A. RIVERA, BURKE, CONRAD -- read once and referred
 to the Committee on Ways and Means

 AN ACT to extend the duration of certain brownfield redevelopment and
 remediation tax credits for certain sites

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. (a) Notwithstanding any provision of law, rule or regu-
 2 lation to the contrary, any site for which (i) a brownfield cleanup
 3 agreement with the department of environmental conservation was entered
 4 into prior to June 23, 2008 with respect to a site located within the
 5 Renaissance Commerce Park situate within the city of Lackawanna, Erie
 6 county, (ii) which received a certificate of completion on or before
 7 December 31, 2017, and (iii) that has not otherwise had property placed
 8 in service upon such a site as of the effective date of this act, shall
 9 be an eligible site for purposes of the brownfield redevelopment tax
 10 credits available to such a site pursuant to section 21 of the tax law
 11 as in effect for such a site as of the effective date of this act
 12 provided the site preparation component shall be allowed for all appli-
 13 cable costs incurred on such a site prior to and within the tax year in
 14 which improvements on such a site are placed in service, and for a seven
 15 year period following the year property is first placed in service upon
 16 such a site, provided, such a date occurs prior to the 2036 tax year,
 17 the on-site ground water remediation component shall be allowed for all
 18 applicable costs incurred on such a site prior to and within the tax
 19 year in which improvements on such a site are placed in service, and for
 20 a seven year period following the year property is first placed in
 21 service upon such a site, provided, such a date occurs prior to the 2036
 22 tax year, and the tangible property credit component shall be allowed
 23 for all applicable costs incurred on such a site prior to and within the
 24 tax year in which improvements on such a site are placed in service, and
 25 for a ten year period (120 months) following the year property is first

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01243-01-5

 A. 3915 2

 1 placed in service upon such a site, provided such a date occurs prior to
 2 the 2036 tax year.
 3 (b) In addition, any site for which (i) a brownfield cleanup agreement
 4 with the department of environmental conservation was entered into prior
 5 to June 23, 2008 with respect to a site located within the Renaissance
 6 Commerce Park situate within the city of Lackawanna, Erie county, (ii)
 7 which received a certificate of completion on or before December 31,
 8 2017, and (iii) that has not otherwise had property placed in service
 9 upon such a site as of the effective date of this act shall be eligible
 10 to claim the tax credit for remediated brownfields available to such a
 11 site pursuant to section 22 of the tax law as in effect for such a site
 12 as of the effective date of this act provided the benefit period as
 13 applicable thereto shall be deemed to be a ten-consecutive-tax-year
 14 period beginning with the tax year in which improvements on such a site
 15 are placed in service where said benefit period shall begin no later
 16 than the 2036 tax year.
 17 (c) Further, any site for which (i) a brownfield cleanup agreement
 18 with the department