Brownfields Tax Incentive

About the Brownfields Tax Incentive
Frequently Asked Questions
Other Resources
State Contacts for Brownfields Tax Incentive
Case Studies on Use of Brownfields Tax Incentive
Historical Information on the Brownfields Tax Incentive (August 5, 1997 - December 21, 2000)

About the Brownfields Tax Incentive

Originally signed into law in 1997 and extended through December 31, 2007, the Brownfields Tax Incentive encourages the cleanup and reuse of brownfields. Under the Brownfields Tax Incentive, environmental cleanup costs are fully deductible in the year incurred, rather than capitalized and spread over time. Improvements in 2006 expanded the tax incentive to include petroleum cleanup.

• Brownfields Tax Incentive Fact Sheet
  EPA Document Number: EPA 500-F-03-223
  [HTML (12K) | PDF (438K) 2 Pages ]
  January 2007
  
  
• Brownfields Tax Incentive Guidelines
  EPA Document Number: EPA 500-F-01-338
  [HTML (22K) | PDF (133K) 5 Pages ]
  January 2007

Frequently Asked Questions

• Brownfields Tax Incentive Frequently Asked Questions
  [HTML (36K) | PDF (144K) 11 Pages ]

Case Studies on Use of Brownfields Tax Incentive

• Alliance Environmental
  West Chester, Pennsylvania
  EPA Ducument Number: EPA 560-F-05-228
  [ PDF (155K) 4 Pages ]
  August 2005
  
  
• Fields Environmental
  Bloomington, Indiana
  EPA Ducument Number: EPA 560-F-05-226
  [ PDF (159K) 4 Pages ]
  May 2005
  
  
• J. Spear Associates
  Milwaukee, Wisconsin
  EPA Document Number: EPA 560-F-05-225
  [ PDF (131K) 3 Pages ]
  May 2005
  
  
• The Lawrence Gateway Project
  Lawrence, Massachusetts
  EPA Document Number: EPA 560-F-05-227
  [ PDF (199K) 4 Pages ]
  May 2005
  
  
• SBC Park
  San Francisco, California
  EPA Document Number: EPA 560-F-05-224
  [ PDF (761K) 3 Pages ]
  May 2005

Other Federal Resources

• Extension of the Brownfields Tax Incentive
  [ HTML (13K) | PDF (28K) 1 Page ]
  Section 198 U.S. Tax Code
  October 2004



• Extension and Expansion of the Brownfields Tax Incentive
  [ HTML (3K) | PDF (16K) 1 Page ]
  Section 652 of H.R. 5542
  December 2000



• Environmental Cleanup Cost Deduction
  Extracted Section of IRS Publication 954
  [PDF (44K) 1 Page ]
  Internal Revenue Service
  Publication 954 - Page 12
  (Rev. June 2001)



• Tax Incentives for Empowerment Zones and Other Distressed Communities
  [ PDF (116K) 20 Pages ] 
  Internal Revenue Service
  Publication 954
  (Rev. June 2001)

Historical Information on the Brownfields Tax Incentive

• ALLIANCE ENVIRONMENTAL SYSTEMS, INC.,
  West Chester, Pennsylvania
  EPA Document Number: EPA 500-F-99-166
  [ HTML (11K) | PDF (15K) 3 Pages ]



• TRIANGLE PARK, LLC, Portland, Oregon
  EPA Document Number: EPA 500-F-99-167
  [ HTML (12K) | PDF (15K) 4 Pages ]
  September 1999



• How to Find Out Whether a Property Is Eligible for the Brownfields Tax Incentive (August 5, 1997 - December 21, 2000.)
  Eligibility Fact Sheet
  EPA Document Number: EPA 500-F-98-140
  [ HTML (11K) | PDF (18K) 3 pages ]
  June 1998



• List of Eligible Pilots (August 5, 1997 - December 21, 2000.)
  [ HTML (2K) | PDF (9K) 1 Page ]



• EnviroMapper Application: To View Historical Brownfields Tax Incentive Zones
  (Maps previous tax code geographic requirements for the period August 5, 1997 - December 21, 2001.)



• Taxpayer Relief Act of 1997 U.S. Congress Public Law 105-34 Expensing of environmental remediation costs.
  Subtitle E--Brownfields; Sec. 941. - Extraction
  [ HTML (8K) | PDF (28K) 3 Pages ]