[CPEO-BIF] New York State Brownfields Tax Credits

[Lenny Siegel <lsiegel@cpeo.org>]

Power plant bill for cleanup top in state
Report lists projects owed tax breaks to clean up polluted land

By Brian Nearing
Albany Times-Union (NY)
February 1, 2012

RENSSELAER - The Capital Region's newest natural gas electricity  
plant tops the list of projects owed more than $192 million in tax  
breaks from the state, according to a new report on a costly program  
meant to clean up polluted land.

Issued by the state Department of Taxation and Finance, the report  
showed that 37 projects qualifed for tax credits in 2010 under the  
state Brownfield Cleanup Program, led by Empire Generating Co., owner  
of the 635-megawatt plant in the Port of Rensselaer.

The company claimed an $86.9 million credit, the largest ever under  
the four-year-old program meant to encourage cleanups and rebuilding  
on polluted land.


...

For the entire article, see
http://www.timesunion.com/business/article/Power-plant-bill-for- 
cleanup-top-in-state-2927171.php

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
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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