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INCENTIVE DESCRIPTION
| State: | MA |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Brownfield Credits |
| Description: | Brownfields Credit: Income tax credit for the costs incurred to rehabilitate contaminated property owned or leased for business purposes and located within an economically distressed area. Unused credits earned after June 24, 2006 may be transferred to another entity. Nonprofit corporations are also eligible to receive this credit after June 24, 2006. |
| Eligibility Requirements: | The property must be owned or leased for business purposes, must be reported to the Dept. of Environmental Protection, and located in an economically distressed area. Participants have until January 1, 2012 to incur expenses that eligible for the credit. |
| Geographic Restrictions: | Brownfields |
| Granting Authority: | Office of Business Development |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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