[CPEO-BIF] Florida - new tax credits proposed

[Lenny Siegel <lsiegel@cpeo.org>]

Land cleanup may get incentives
Lawmakers propose increasing tax credits for the developers

Rich Mckay
Orlando Sentinel (FL)
March 18, 2006

Polluted lands are scattered throughout Florida, but it hasn't been easy 
to persuade anyone to clean them up.

For nearly a decade, the state has offered $5 million annually to 
developers willing to clean up and build on the sites of former gas 
stations, dry cleaners, auto-repair shops or other places that 
pollutants fouled. But there have been few takers.

Now some lawmakers want to sweeten the pot.

State Sen. Lee Constantine, R-Altamonte Springs, is sponsoring a bill 
that would boost the tax credits given to developers to 50 percent of 
the cleanup costs each year up to $500,000. That's up from 35 percent 
and $250,000 a year.

If the land is developed as low-income or affordable housing, the deal 
could get even sweeter: 75 percent or $350,000.

...

For the entire article, see
http://www.orlandosentinel.com/orl-brownfield1806mar18,0,1726745.story?coll=orl-home-headlines

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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