Program / Project details
Brownfield Single Business Tax Credit
The Brownfield Single Business Tax Credit provides an incentive in the form of a Single Business Tax credit (against the SBT liability of the developer) for up to 10 percent of the costs of eligible investment (including building, machinery and equipment) on brownfield property, up to a maximum credit of $30 million. The authority may award a maximum of 15 credits per calendar year. Of these, up to three may be greater than $10 million and less than $30 million. While preference is given to Core Communities, the authority has the ability to award three credits annually to Non-Core Communities.
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