Brownfield property definition

Brownfield property means previously developed and currently abandoned or underutilized real property and adjacent surface waters and sediment where environmental, economic, or community reuse objectives are hindered by the release or threatened release of hazardous substances that the department has determined requires remedial action under this chapter or that the United States environmental protection agency has determined requires remedial action under the federal cleanup law.

Brownfield property means previously developed and currently

Brownfield property means real property that is the subject of an investigation or remediation as a Brownfield project under a voluntary agreement or consent order pursuant to § 68-212-224;

Examples of Brownfield property in a sentence

• Except as otherwise provided in subdivision (10)(D), there shall be allowed against the sum total of the taxes imposed by the franchise tax law, compiled in part 21 of this chapter, and by the excise tax law, compiled in this part, a credit equal to fifty percent (50%) of the purchase price of Brownfield property purchased in Tennessee during the tax period covered by the return for the purpose of a qualified development project.

• If the taxpayer makes an enhanced capital investment equal to or in excess of two hundred million dollars ($200,000,000) during the investment period for the qualified development project, the credit allowed in subdivision (10)(A) shall be equal to seventy-five percent (75%) of the purchase price of the Brownfield property purchased in Tennessee for the purpose of the project.

• Credits for projects utilizing non-prime agricultural property shall be issued in the same manner and under the same terms as credits allowed for projects utilizing Brownfield property except that all business plans for such projects shall be approved by the commissioner of economic and community development, in addition to the commissioner of revenue, and in consultation with the commissioner of agriculture.

• These loans would be paid back to the upper-tier municipality by the tax increment realized on the redeveloped Brownfield property that would have otherwise been paid to the Brownfield developer.

• Under this program, the municipality can apply to FCM to obtain low interest loans and grants covering up to 80 percent of the remediation costs associated with a Brownfield property.

More Definitions of Brownfield property

Brownfield property means previously developed and current- ly abandoned or underutilized real property and adjacent surface wa- ters and sediment where environmental, economic, or community reuse objectives are hindered by the release or threatened release of haz- ardous substances that the department has determined requires remedial action under this chapter or that the United States Environmental Pro- tection Agency has determined requires remedial action under the fed- eral cleanup law.

Brownfield property means any property where use is limited by actual or potential environmental contamination, or the perception of environmental contamination, and that is or may be subject to remediation under any state environmental law, regulation or program or under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, 42 USCS 9601 et seq. (1997)(CERCLA), but does not include any of the following:

Brownfield property means any real property that has been vacant or abandoned for at least five

Brownfield property means real property that is determined by the commissioner of environment and conservation to be abandoned, idled or under-utilized and whose re-use, growth, enhancement or redevelopment is complicated by real or perceived adverse environmental conditions due to contamination by hazardous substances, solid waste, or any other pollutant;

Brownfield property means previously developed and

Brownfield property means any real property that has been vacant or abandoned for at least five (5) years, has a prior history of industrial uses, and has potential environmental contamination as indicated by a Phase I Environmental Assessment.‌

Brownfield property means industrial land within the Municipality for which a Phase II environmental site assessment has been conducted, that, as of the date the Phase II environmental site assessment was completed, did not meet the standards that must be met under subparagraph 4i of subsection 168.4(1) of the Environmental Protection Act to permit a record of site condition to be filed under that subsection in the Environmental Site Registry.”