The Brownfields Tax Credit (BTC) is an incentive program that allows property owners, lessees or investors to remediate contaminated land.
Since some states require owners or lessees of contaminated properties to remediate the land regardless of who caused the contamination, the BTC exists to lessen the financial burden for owners who did not cause the contamination but are obligated to clean up the land.
Cherrytree Group works extensively with brownfields projects in Florida, New York, New Jersey, and Massachusetts, helping clients unlock environmental and economic value through tax credit incentives

MassDEP states that the Massachusetts BTC program exists to foster, “the cleanup and redevelopment of brownfields properties as a way to stimulate the economy and promote environmental protection goals.”
The BTC amounts to 50% of the eligible costs of a qualified remediation when the permanent solution does not have restrictions, such as an Activity and Use Limitation (AUL), and the BTC amounts to 25% of the eligible costs when the permanent solution has restrictions. The costs that are BTC eligible are those “direct” environmentally related costs. The costs include: