NY Open Data NY Open Data

created Jan 16, 2014

updated Apr 01, 2016

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Description

The Department of Taxation and Finance annually produces a mandated report of taxpayers claiming Brownfield Credits to help analyze the effects of the program. Chapter 390 of the Laws of 2008 created Section 171-r of the Tax Law that requires the Tax Department to produce a Brownfield Credit Report by January 31st of each year. Additionally, Part BB of Chapter 56 of the Laws of 2015 amends Section 171-r to require the Tax Department to produce a supplemental Brownfield Credit Report by January 31, 2016 containing the credits claimed for the years 2005, 2006, and 2007. The mandates require the Department to include the name of each taxpayer claiming the brownfield redevelopment tax credit, the remediated brownfield credit for real property taxes, or the environmental remediation credit, the amount of credit earned, and information identifying the brownfield project generating the credit. The Tax Department is also authorized to include any other information that it deems useful in analyzing the effects of the program.

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Category
Government & Finance
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Public
Tags
brownfield, redevelopment, remediation, credit, tax
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Dataset Summary
Organization
Office of Tax Policy Analysis
Time Period
Calendar Years 2005 and Forward
Posting Frequency
Annually
Dataset Owner
New York State Department of Taxation and Finance
Contact Information
OTPA.OpenNYData@tax.ny.gov
Coverage
Statewide
Granularity
Taxpayer
Disclaimers
Limitations
In instances where the credit is earned by a pass-through entity such as a limited liability company (LLC), a partnership, or an S corporation, information will only be reported for the entity; names of individual members of the LLC, partners, or S corp shareholders will not be reported. See links to additional data documentation ('Additional Resources/See Also' section) below. Data for the report come directly from returns filed in the previous calendar year. Therefore, several caveats are in order: 1. The data appear exactly as reported by the taxpayer. No validations or error corrections were performed by the Department. 2. Likewise, the information represents the taxpayer’s position on the return as filed and does not reflect any adjustments made either during return processing or in the course of an audit. 3. Reporting is limited to the entity earning credit as determined by the credit forms filed with the tax return. 4. The actual amount of credit claimed during the period covered by this report may exceed what is reported here. This can occur if recipients of credit from pass-through entities file returns claiming credit, but the entity has not yet filed a return. 5. Amounts do not necessarily represent finished projects. Some of these projects may be works- in-progress. The clean-up components are available for 5 years and the property component is available for 10 years. 6. In the 2010, 2011, and 2012 tax years, taxpayers are required to defer amounts of credits used and refunded that in the aggregate exceed $2 million. Excess brownfield credits deferred will be available as follows: 50% of total deferred allowed in 2013; 75% of remaining credit allowed in 2014; all remaining credit allowed in 2015. Data in the report are amounts computed prior to deferral. 7. No brownfield redevelopment credit submissions were received for calendar years 2005 and 2006.
Additional Resources
See Also
Taxation and Finance’s Collections, Policy and Statistical Reports page: http://www.tax.ny.gov/research/stats/statistics/collect_policy_stat_reports.htm
See Also
Taxation and Finance’s Brownfield Credit Reports page: https://www.tax.ny.gov/research/stats/statistics/special_interest_reports/brownfield_credit/brownfield_credit_reports_open_data.htm
See Also
Taxation and Finance’s Guidance on Brownfield Tax Credits: https://www.tax.ny.gov/pit/credits/brownfield-credits.htm
See Also
Brownfield Redevelopment Tax Credit Rule Changes: https://www.tax.ny.gov/pdf/stats/policy_special/brownfield_credit_reports/BRTC%20Rule%20Changes.pdf
See Also
Brownfield Redevelopment Tax Credit Rate Structure: https://www.tax.ny.gov/pdf/stats/policy_special/brownfield_credit_reports/BRTC%20Rate%20Structure.pdf
See Also
Taxation and Finance’s Publication 300: https://www.tax.ny.gov/pdf/publications/multi/pub300.pdf
See Also
Additional Resources from the Department of Environmental Conservation (DEC): https://www.tax.ny.gov/pdf/stats/policy_special/brownfield_credit_reports/DEC%20Resources.pdf
Dataset Information
Agency
Taxation and Finance, Department of
Local Data
County Filter
Yes
County_Column
county
Municipality Filter
Yes
Municipality_Column
municipality
Common Core
Publisher
State of New York
Contact Name
Open Data NY
Contact Email
opendata@its.ny.gov
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