Though the State's $140 billion budget was enacted without proposed brownfield cleanup reforms, Governor Cuomo and the State Senate and Assembly are continuing to discuss amending and extending New York State's Brownfield Cleanup Act. These reforms include extending tax credits, termination from the BCP for missing a cutoff date, and redefining brownfield itself. Negotiations on specifics are likely to continue, but time is running out because the current tax credits run out in 2015.
Section members David J. Freeman and Lawrence Schnapf have more in a recent article on the topic published in the New York Law Journal.