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WHO QUALIFIES?
While many sites qualify, eligibility for the Massachusetts Brownfields Tax Credit
program is limited in several important ways. Some of the eligibility criteria include:
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The site property must be used for commercial purposes
(owner-occupied residential property is not eligible) |
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The property must be located in a city or town designated
as an Economically Distressed Area, or EDA. |
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You must be or have been the owner, operator, or tenant of the
property at the time of the spending |
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You cannot be responsible for the contamination (generally, this means that the
contamination originated prior to your ownership or use of the property) |
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The work was conducted pursuant to the Massachusetts Contingency Plan (MCP),
generally under the direction of a Licensed Site Professional (LSP) |
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Your spending must exceed a minimum threshold based on the property value |
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The work must have been conducted
since 1998. |
Typical tax credit recipients include commercial property owners, small
businesses,
developers, not-for-profit organizations including community development corporations
(CDCs), colleges and universities, and private school operators. These parties may qualify
if they took steps to investigate or remediate pre-existing contamination that was from
a prior use of the site, related to an off-site release that migrated onto the property,
the result of historic fill or past practices, or a release that occurred prior to your
purchase of the property, whether known or unknown at the time of purchase.
What costs might qualify? Any costs incurred to assess, contain, remove, or otherwise
respond to the contamination may be eligible for recovery. These costs typically
include Licensed Site Professional (LSP) services, engineering costs, contractor
expenses related to the cleanup, laboratory analyses and testing, DEP and other
agency fees, and others.
We will work with you to identify all of the costs that may be eligible for recovery.
If you qualify for this program, you deserve to get your full refund.
With our experience, you can ensure that no costs will be overlooked.
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Contact:
James T. Curtis, P.E., LSP
Executive Vice President Cooperstown Environmental LLC
PO Box 4232
Andover, MA 01810-0814
Jim@CooperstownEnv.com
www.CooperstownEnv.com
Tel: (978) 470-4755
Fax: (978) 470-4756
Download:
Eligibility Questionnaire
(pdf 911 KB)
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