Introduced
by
To expand the activities for which a brownfield redevelopment authority may used “captured” increments of property taxes, to include reasonable costs of site investigations, baseline environmental assessments, and due care activities related directly to work conducted on prospective eligible properties prior to approval of the brownfield plan. Also, to revise the monetary caps on the amount of captured school taxes that may be used for certain activities; and to extend from 2008 to 2012 a provision that allows a brownfields authority to use captured school tax revenues for some purposes.
Referred to the Committee on Economic Development and Regulatory Reform
