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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.

MassDOR Again Proposes Changes to MA Brownfields Tax Credit Program

MassDOR Again Proposes Changes to MA Brownfields Tax Credit Program
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 Repeats as Top Firm in Massachusetts Brownfields Tax Credits

Cooperstown Environmental Repeats as Top Firm in Massachusetts Brownfields Tax Credits
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

Brownfields Tax Credit Program Extended 5 Years

Brownfields Tax Credit Program Extended 5 Years
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,

Court Says Retroactive Changes to Tax Credit Violate Due Process

Court Says Retroactive Changes to Tax Credit Violate Due Process
A proposal by the Massachusetts Department of Revenue (DOR) to modify its successful Brownfields Tax Credit program, and apply the changes to applications submitted as far back as a year ago, has similarities  to a recent court ruling in New York. DOR in April proposed new rules affecting applicants for Massachusetts Brownfields Tax Credits. These credits allow eligible parties who remediate a Brownfield site in an economically distressed area (EDA) to recoup a portion of their cleanup costs via a tax credit if the project meets certain requirements. The proposed changes to the program tighten eligibility requirements with the goal

Cooperstown Environmental Completes Solar Project

Cooperstown Environmental Completes Solar Project
Cooperstown Environmental LLC announced that it has completed the installation of a rooftop solar photovoltaic (PV) installation in Quincy, Massachusetts. With a placed in service date of November 15th, 2012, the system is producing clean, renewable energy – a projected 135,000 kilowatt-hours (kWh) per year. Fallon Ambulance is the host and will purchase electricity for its own use under a Power Purchase Agreement (PPA) with HOF Solar LLC, the system owner. Fallon will save a significant percentage of its annual energy costs under the deal as well as taking responsibility for approximately one-quarter of its annual electric load. Cooperstown Environmental

Cooperstown Exec Stands Up For Charity

Cooperstown Exec Stands Up For Charity
Before the sun rose on the morning of August 25, eighty-one stand-up paddleboarders launched from the shores of Plymouth’s Long Beach to begin the fifth-annual Cape Cod Bay Challenge. More than twelve hours later, the group landed at Wellfleet’s Mayo Beach after paddling over 34 miles through fog, wind, and choppy surf. Among the crowd was one of Cooperstown Environmental’s own, Senior Vice President Richard Gang, an avid surfer and stand-up paddleboarder (pictured, right). “This year was definitely the hardest yet,” said Mr. Gang, who has completed a total of three Challenges, “and remembering who we were paddling for kept

Cooperstown Environmental is Top Firm in Massachusetts Brownfields Tax Credits

Cooperstown Environmental is Top Firm in Massachusetts Brownfields Tax Credits
A recently published report on state tax credits showed that nearly two-thirds of the recipients of Massachusetts Brownfields Tax Credits in 2011 were clients of Cooperstown Environmental LLC. The Massachusetts Department of Revenue (DOR) earlier this month released its first-ever Tax Credit Transparency Report, listing recipients and amounts awarded under each of thirteen state tax credit programs, including the Film Tax Credit, the Historic Rehabilitation Credit, the Dairy Farmer Credit, and several others. The report showed that the state granted 80 Brownfields Tax Credits in 2011, and nearly two-thirds of the successful applications were prepared and submitted by Cooperstown Environmental

Tax Implications of Buying, Using, & Selling Massachusetts Brownfields Tax Credits

Tax Implications of Buying, Using, & Selling Massachusetts Brownfields Tax Credits
The tax implications of buying, using, and selling Massachusetts Brownfields Tax Credits, which historically have not been well-understood, have become clearer following the release of an IRS Chief Counsel Advice Memorandum late last year. The following summary has been prepared by Cooperstown Environmental based on its reading of the IRS guidance. [1] Massachusetts Brownfields Tax Credit Program The Massachusetts Brownfields Tax Credit program, created in 1998 to help spur the cleanup and redevelopment of contaminated commercial and industrial properties throughout the state, has been an exceptionally successful program. Hundreds of property owners who are “Eligible Persons” – which the law

Cooperstown Environmental Supports Eagle Scout Project

Cooperstown Environmental Supports Eagle Scout Project
Cooperstown Environmental LLC is pleased to congratulate Richard Leung (pictured, above) of Andover’s Boy Scout Troup 77 on achieving the rank of Eagle Scout. In addition to earning a total of 21 merit badges and serving in a leadership position within the troop, each Eagle Scout must complete an individual service project within their community. Mr. Leung worked with the Andover Conservation Commission to replace the old rotting and unstable boardwalk through a marshy area of town land near Rachel Road in Andover. The new boardwalk was completed with over 200 volunteer hours and donations for materials from both troop
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