New York · Brownfield · NY-BROWN-001
Brownfield Redevelopment Tax Credit
Publication revised September 24, 2026. Sourcebook page 200.
Credit amount / calculation
Multiple credit components based on qualified cleanup and tangible-property basis.
Business fit and eligible activity
Certified brownfield projects can receive substantial site-preparation and tangible- property credits. Eligible property rehabilitation or redevelopment; not the cost of wood supplied to someone else's project.
Illustrative business benefit
Use-of-credit illustration, not an estimated award: assume the agency or completed tax form establishes a $1,000 credit for the qualifying activity described above. With $600 of eligible tax due, a fully refundable $1,000 award would offset that tax and leave $400 refundable, subject to the program's refund procedure. Obtain the actual program calculation before estimating a project benefit. Page
Timing / first action
Seek approval before signing a purchase order, contract, lease or other binding commitment. Confirm the exact point at which a purchase order, contract, lease, or other binding commitment would make the project ineligible.
Official sources
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