WeVote
Log In

Bill

PB

Bill

A 3915

Extends the duration of certain brownfield redevelopment and remediation tax credits for certain sites

2025 Regular Session Introduced by Paul Bologna and 5 co-sponsors

Extends the sunset of brownfield redevelopment and remediation tax credits, keeping incentives for cleanup and redevelopment available to property owners and developers.

REFERRED TO WAYS AND MEANS
0
WeVote Research Nonpartisan
Bill Summary · A 3915

Summary of Bill A 3915 — Extends the duration of certain brownfield redevelopment and remediation tax credits for certain sites

Overview

Bill A 3915 is a proposed New York Assembly bill introduced on January 30, 2025 and currently referred to the Ways and Means Committee. The bill aims to extend the duration of tax credits related to brownfield redevelopment and remediation for eligible sites. A companion bill exists in the Senate (S 858) with a prior-session related bill (A 8011).

What the bill would do

  • Extend the duration (sunset/expiration timeline) of the brownfield redevelopment and remediation tax credits for certain sites.
  • The bill would preserve or broaden eligibility for projects that involve cleanup and redevelopment of brownfield properties, subject to the bill’s specific terms.

Note: The exact terms—such as the new expiration date, any changes to eligibility criteria, caps, or reporting requirements—are contained in the bill’s text. The summary below reflects the bill’s stated purpose to extend the program and does not provide new numeric details beyond that purpose.

Key provisions (as indicated by the bill’s purpose)

  • Extension of the time period during which qualified taxpayers can claim brownfield redevelopment and remediation tax credits.
  • Potential alignment or coordination with existing brownfield programs, including eligibility of sites that were previously approved or under development.
  • Any adjustments to administrative requirements, credit calculation, or reporting would be specified in the enacted text.

Note: Specific changes (e.g., new sunset date, caps, eligible activities, or performance milestones) will be defined in the final bill language.

Who would be affected

  • Property owners and developers undertaking brownfield cleanup and redevelopment projects who rely on the tax credits.
  • Taxpayers and professional service firms (accountants, tax advisors, engineers) who prepare or advise on credit claims.
  • Local governments and regional economic development stakeholders seeking to attract or support redevelopment projects.
  • State tax administration and environmental agencies responsible for compliance and program oversight.

Fiscal and policy implications

  • Extending the credits could encourage continued investment in brownfield remediation and redevelopment, potentially improving local economies, job creation, and environmental cleanup.
  • The extension may impact state tax revenue in the near term (as credits remain available longer) but could be offset by broader economic benefits and increased taxable activity from redeveloped sites.
  • The fiscal impact will depend on the extended duration, eligibility changes, and projected uptake, which would be set forth in the bill’s fiscal note and final text.

Legislative status and next steps

  • Introduced: January 30, 2025
  • Status: Referred to Ways and Means (as of the latest action)
  • Next steps: The bill would likely undergo committee review, potential amendments, and floor consideration. A companion bill exists in the Senate (S 858), and A 8011 is noted as a prior-session related bill. Watch for committee hearings, sponsor actions, and fiscal analyses for updated details.

Related bills

  • A 8011 (prior-session)
  • S 858 (companion) — noted twice in the related bills

How to stay informed

  • Monitor the official New York State Assembly and Senate bill portals for the text, fiscal notes, and status updates.
  • Review the Ways and Means Committee materials for any amendments, hearings, or voting records.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.