EPA Brownfields Revolving Loan Fund (RLF) Grant
The EPA Brownfield Revolving Loan Grants (RLF) provide funding to a grant recipient to capitalize a revolving loan fund that provides subgrants to carry out cleanup activities at Brownfield sites. An individual applicant can apply for up to $1,000,000. Funds may be used to clean up sites contaminated with petroleum and/or hazardous substances. Sites at which petroleum contamination is co-mingled with hazardous substances contamination are considered hazardous substances sites. The proposal must indicate the dollar amount of funding requested for each type of contamination. The performance period is five years for RLF grants.
Applications for Revolving Loan Fund Grants are generally posted in the summer on the EPA website. Additional information including grant guidelines may be found on the EPA website.
EPA Brownfields Cleanup Grant
The EPA provides Brownfield Cleanup Grants to carry out cleanup activities at specific Brownfield sites owned by the applicant. An individual applicant can apply for up to $200,000 per Brownfield site and can submit up to three site-specific cleanup proposals. A separate proposal must be submitted for each site. An applicant may request up to $200,000 to address hazardous substances and/or petroleum contamination at a specified site. An applicant requesting both hazardous substance and petroleum cleanup funding at the same site must submit one proposal, which cannot exceed $200,000 total. Sites at which petroleum contamination is co-mingled with hazardous substances contamination are considered hazardous substances sites. Properties that are mine-scarred land or contaminated with controlled substances also are considered hazardous substances sites. Proposals must indicate the dollar amount of funding requested for each type of contamination. The performance period is three years for cleanup grants.
Applications for Brownfield Cleanup Grants are generally posted in the summer on the EPA website with proposals due in the Fall. Additional information including grant guidelines may be found on the EPA website.
Brownfield Tax Incentive
The Brownfield Tax Incentive encourages the cleanup and reuse of brownfields by providing the following advantages to taxpaying stakeholders conducting environmental cleanup at brownfields sites:
- Allows environmental cleanup costs at eligible properties to be fully deductible in the year incurred, rather than capitalized and spread over a period of years.
- Improvements in 2006 expanded the types of properties eligible for the incentive to include those with petroleum contamination.
- Previously filed tax returns can be amended to include deductions for past cleanup expenditures.
The Brownfields Tax Incentive is applicable to properties that meet specific land use and contamination requirements. To be eligible a property must satisfy the land use requirement which states that the property must either be held by the taxpayer incurring the eligible expenses for use in trade or business or for the production on income; or, the property must be properly included in the taxpayer’s inventory.
To satisfy the contamination requirement, the property must have hazardous substances or petroleum present or potentially present. Any sites listed or proposed to be listed on the EPA’s national Priorities List are not eligible for the tax incentive. A property’s eligibility for the tax incentive must be established by a statement of verification from the designated state agency. A list of state contacts can be found in "Key Contacts." Additional information regarding the Brownfield Tax Incentive can be found at the EPA website.
State Brownfield Cleanup Funding Programs
The following provides a summary of State Brownfield funding available for states within NJIT TAB Geographic Zone 1 service area. Geographic Zone 1 consists of states within EPA Regions 1, 2 and 3.
- Region 1: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont
- Region 2: New Jersey, New York
- Region 3: Delaware, Maryland, Pennsylvania, Virginia, West Virginia