Environmental
New York's 'Environmental Benefits Program' for brownfields provides which type of incentive?
AFree remediation services from the NY DEC
BTax credits for cleanup costs and new construction at remediated brownfield sites✓ Correct
CReduced property taxes for the life of the building
DGrants for marketing brownfield properties
Explanation
New York's Brownfield Cleanup Program (BCP) offers significant tax credits as incentives for voluntary cleanup and redevelopment of brownfield sites. These include the Brownfield Redevelopment Tax Credit (for site preparation, tangible property, and on-site groundwater remediation costs), which can offset a substantial portion of cleanup and redevelopment costs.
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