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Inside EPA - 03/08/2019

EPA Urges IRS To Align Tax Law Incentives With Brownfields Definition

February 28, 2019
EPA's Office of Brownfields and Land Revitalization (OBLR) is urging the Internal Revenue Service (IRS) to align definitions in a proposed rule to implement investment incentives in the 2017 Tax Cuts and Jobs Act with those in the brownfields program in order to spur redevelopment of former industrial sites. The requested clarifications will give investors confidence that qualified opportunity fund (QOF) investments can be used to assess, remediate and redevelop brownfields located in qualified opportunity zones (QOZs), OBLR Deputy Director...

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