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Get Your Mass. Brownfields Tax Credits For 5 More Years

Law360 (July 9, 2018, 1:42 PM EDT) -- While Massachusetts first created a brownfields tax credit in 1998 to encourage the redevelopment of brownfields sites, until recently, this very useful tax credit was in danger of becoming history. Fortunately, with the finalization of the housing bond bill at the end of last month, the credit is now available for an additional five years to certain taxpayers who clean up qualifying sites in Massachusetts. The tax credit can be up to 50 percent of the net cost of the work.

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