S T A T E O F N E W Y O R K
________________________________________________________________________
10778
I N A S S E M B L Y
April 1, 2026
___________
Introduced by M. of A. WALSH -- read once and referred to the Committee
on Ways and Means
AN ACT in relation to extending the duration of certain brownfield rede-
velopment and remediation tax credits for certain sites
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. (a) Notwithstanding any provision of law, rule or regu-
lation to the contrary, any site for which (i) a brownfield cleanup
agreement with the department of environmental conservation was entered
into on January 31, 2013, and later amended and executed on December 27,
2019 due to a sale of property, with respect to a site located at 125
Bath Street situate within the village of Ballston Spa, Saratoga county,
(ii) which received a certificate of completion on or before December
31, 2019, and (iii) that has not otherwise had property placed in
service upon such a site as of the effective date of this act, shall be
an eligible site for purposes of the brownfield redevelopment tax cred-
its available to such a site pursuant to section 21 of the tax law as in
effect for such a site as of the effective date of this act provided the
site preparation component shall be allowed for all applicable costs
incurred on such a site prior to and within the tax year in which
improvements on such a site are placed in service, and for a seven-year
period following the year property is first placed in service upon such
a site, provided, such a date occurs prior to the 2036 tax year, the
on-site ground water remediation component shall be allowed for all
applicable costs incurred on such a site prior to and within the tax
year in which improvements on such a site are placed in service, and for
a seven-year period following the year property is first placed in
service upon such a site, provided, such a date occurs prior to the 2036
tax year, and the tangible property credit component shall be allowed
for all applicable costs incurred on such a site prior to and within the
tax year in which improvements on such a site are placed in service, and
for a ten-year period following the year property is first placed in
service upon such a site, provided such a date occurs prior to the 2036
tax year.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.