Posts by » Paul Casowitz

In a recent Advisory Opinion, the State Department of Taxation and Finance (DTF) opined that a taxpayer may not claim tax credits under the site preparation credit component of the Brownfield Redevelopment Tax Credit more than five years after the site received a Certificate of Completion (COC) under the Brownfield Cleanup Program (BCP). This interpretation … Read Post


On July 29, 2011, Governor Cuomo signed a law authorizing local governments to create not-for-profit corporations to act as land banks with respect to vacant, abandoned, or tax-foreclosed property.  These non-profit land banks will have the ability to sell property free and clear of prior tax liens.  However, the new law does not insulate these … Read Post