For the third consecutive year, Cooperstown Environmental LLC is the top consulting firm in Massachusetts Brownfields Tax Credit awards, according to official statistics just released by the Massachusetts Department of Revenue (DOR). Once again, almost two-thirds of the Brownfields tax credit recipients were clients of Cooperstown Environmental LLC, according to the state’s Tax Credit Transparency Report. This report finds that most of the applications receiving approval were prepared and submitted by the firm, cementing Cooperstown’s position as the top firm in this program area. The Tax Transparency Report, which has been issued annually since a 2010 law was passed requiring
Challenging new projects. Creative yet practical solutions. Innovative ways to protect the planet – one property at a time. Catch up on the latest news from Cooperstown Environmental here.
The Boston Globe yesterday reported a lawsuit that has been filed by three Massachusetts colleges regarding Massachusetts Brownfields Tax Credits, the first public acknowledgement of a brouhaha that has been two years in the making. Wellesley College, Northeastern University, and Boston University have sued the Massachusetts Department of Revenue (DOR) for improperly denying applications filed by each school. The Globe’s news story was accurate but lacked the background and perspective needed to understand the full story. The facts of the case and the chronology of events may provide observers with a better understanding of the issues. The Brownfields Tax Credit
Cooperstown Environmental is pleased to announce that Jeanne Westervelt, its Director of Technical Operations, has been awarded the prestigious Licensed Site Professional (LSP) designation. LSPs, or Licensed Site Professionals, are scientists and engineers with a demonstrated expertise in hazardous waste site cleanup. To be licensed, an LSP must meet minimum education and rigorous professional experience requirements and must pass a comprehensive exam. The LSP program is regulated by the Massachusetts Board of Registration of Hazardous Waste Site Cleanup Professionals (LSP Board). To maintain licensure, LSPs are required to attend LSP Board-approved continuing education courses and to maintain a code of
The Massachusetts Brownfields Tax Credit program is a proven, successful program that helps to offset environmental response costs for eligible projects. The program may be the best of its kind among the many states that offer a similar reimbursement plan, as it is a “by right” credit. If the project meets all of the qualification criteria, the credit is awarded. There is no annual cap statewide and no per project cap. Nor does the project need to be pre-qualified or certified by the state. In addition, the credit is transferable, so it may be sold, producing cash for the applicant.
Learn how Brownfields incentives can help redevelopment in Massachusetts at sites such as the Merrimac Paper property in this recent column by Jim Curtis, President of Cooperstown Environmental, LLC, published in the Eagle Tribune. (Photo credit: Mary Schwalm/The Eagle-Tribune)
Those who follow the Massachusetts Brownfields Tax Credit program know that 2013 was a year that began with many challenges – and the program not only survived, but the year even ended on a positive note. The program continues to be one of the state’s best incentives for economic redevelopment and environmental cleanups, especially in economically distressed areas (EDAs) where both are needed most. Before describing the latest news, it may be helpful to summarize the program, its history, and how it works. My sense is that most LSPs have an awareness of the program, and many are familiar with
Cooperstown Environmental is pleased to announce that Ariel Newman has joined the company as Project Scientist. Ariel graduated from Tufts University with a Master of Science in Civil and Environmental Engineering. She previously earned a Bachelor of Science in Environmental Science from the University of Connecticut. Ariel previously worked as an analyst for the Massachusetts Department of Revenue’s Underground Storage Tank Petroleum Product Cleanup Fund (“21J”) evaluating reimbursement submissions for technical and financial compliance with the program’s regulations. Following her undergraduate degree, she had worked for a private environmental consulting firm in Connecticut, assisting with hazardous waste and environmental remediation
The rules governing the Brownfields Tax Credit program are closer to being finalized, with the release Monday by the Massachusetts Department of Revenue (DOR) of a revised Policy Directive that is somewhat clarified but little-changed on the core issues. The long-awaited revision, still in draft, has been updated since the original version was issued in April 2013. The April version was met with extensive comment to the significant changes it proposed to how the state would process applications for the credit. Most notably, the state intended to apply the changes retroactively to pending applications filed up to nearly a year prior
Cooperstown Environmental LLC is once again the top consulting firm in Massachusetts Brownfields Tax Credit awards in 2012, according to statistics released today by the Massachusetts Department of Revenue (DOR). For the second consecutive year, more than half of all tax credit recipients statewide were clients of Cooperstown Environmental LLC, according to the state’s Tax Credit Transparency Report. The report, which is issued annually in response to a 2010 law requiring disclosure, lists recipients for all of the state’s thirteen tax credit programs. Private data extending back to 2006, when changes were made to require an application in order to
Developers, not-for-profits, commercial property owners, and others conducting environmental remediation projects can rely on the state’s Brownfields tax credit – finally. The budget signed by the Governor Friday extends the credit for five years, quelling worries that the credit would expire at the end of this year. The program, which incentivizes commercial redevelopment in economically distressed areas (EDAs) by providing a rebate on environmental cleanups to Eligible Persons (who did not cause the contamination), has been a resounding success since it was initially passed in 1998. Hundreds of properties have been cleaned up to Department of Environmental Protection (DEP) standards,