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New York State Brownfield Cleanup Program Tax Credit

New York State Department of Environmental Conservation (NYSDEC)NY-BCP
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

New York

About This Program

Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.

Key Requirements & Eligibility

  • 1Property must be accepted into the NYS Brownfield Cleanup Program (BCP)
  • 2Remediation must meet NYSDEC cleanup standards for the intended post-remediation use
  • 3Tax credits: site preparation credit (22–50% of costs) + tangible property credit (10–24%)
  • 4Higher credit rates for projects in environmental justice areas or affordable housing
  • 5Unrestricted transferability — credits can be sold to third-party investors

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

Real EstateConstructionGovernment & NonprofitManufacturing
Official Source