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BROWNFIELD REDEVELOPMENT TAX CREDIT DEC Region County Municipality Engine Site Preparation Component Costs Credit Tangible Property Component Costs Credit Onsite Groundwater Remediation Component

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What is brownfield redevelopment tax credit?

Brownfield redevelopment tax credit is a financial incentive provided to individuals or businesses who invest in the cleanup and redevelopment of contaminated or abandoned properties.

Who is required to file brownfield redevelopment tax credit?

Individuals or businesses who have invested in brownfield redevelopment projects and meet the eligibility criteria set by the government are required to file for the brownfield redevelopment tax credit.

How to fill out brownfield redevelopment tax credit?

To fill out the brownfield redevelopment tax credit, individuals or businesses must provide detailed information about the brownfield project, including expenses incurred for cleanup, redevelopment, and other eligible costs.

What is the purpose of brownfield redevelopment tax credit?

The purpose of the brownfield redevelopment tax credit is to encourage the cleanup and redevelopment of contaminated properties, promote economic growth in blighted areas, and protect public health and the environment.

What information must be reported on brownfield redevelopment tax credit?

Information such as expenses incurred for cleanup, redevelopment, and other eligible costs, as well as details about the brownfield project location and completion date must be reported on the brownfield redevelopment tax credit form.

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