ValueRefundable credits: site preparation/remediation cost credits plus a tangible property (redevelopment) credit of 10-24% of qualified capex, with up to +5% bump-ups (incl. Brownfield Opportunity Areas)
Deadlines2032-12-31 — Sites must be accepted into the BCP by 12/31/2032 for the tangible property credit (10-yr extension enacted April 2026); completion windows apply after acceptance
RequirementsContaminated site accepted by DEC; Brownfield Cleanup Agreement; Certificate of Completion before credits; NYC sites face extra tangible-credit gates (En-Zone, underutilized, upside-down, or affordable housing)
Caveatsclaims are audited heavily; NYC gates are restrictive; credit rates vary by cleanup track and use — model before acquisition
Last verified2026-08-23