Do costs for site assessment and investigation activities qualify as remediation expenditures under the Brownfields Tax Incentive?
A17: Yes. Site assessment and investigation activities are qualified environmental remediation expenditures if incurred “in connection with the abatement or control of hazardous substances at a qualified contaminated site.” Site assessment efforts must, therefore, be part of a larger abatement or control effort to qualify under the tax incentive.
Related Questions
- Does an environmental assessment paid for by a prospective purchaser of a qualified contaminated site qualify as an environmental remediation cost?
- Do costs for site assessment and investigation activities qualify as remediation expenditures under the Brownfields Tax Incentive?
- Can expenditures for assessment or monitoring inside a building qualify for the Brownfields Tax Incentive?
