Relates to prevailing wage requirements applicable to brownfield remediation work performed under private contract as it relates to certain remediation activities, for sites that are seeking or have received a determination that the site is eligible for the tangible property credit component of the brownfield redevelopment tax credit, and the work is paid for in whole or in part by public funds.
Summary
Bill A04914 seeks to amend the Environmental Conservation Law and Labor Law in New York to establish prevailing wage requirements for brownfield remediation work performed under private contracts. The bill specifically applies to remediation activities that are eligible for tangible property tax credits and are funded, in whole or in part, by public funds. It outlines the conditions under which a site is eligible for such credits and mandates compliance with prevailing wage laws for contractors involved in these projects.
Impact
The bill will impact state laws by ensuring that brownfield remediation projects funded by public money adhere to prevailing wage standards, thereby potentially increasing labor costs for these projects. It also aims to enhance accountability and compliance among contractors and subcontractors involved in remediation work, as failure to comply with these wage requirements could lead to termination of cleanup agreements. This change is expected to promote fair labor practices and ensure that workers on these projects receive appropriate compensation.
Sentiment
The sentiment around Bill A04914 appears to be largely favorable, as evidenced by the voting history where it received significant support in committee votes, with 26 yeas and 3 nays in the Environmental Conservation Committee and unanimous support in the Rules Committee. This suggests a bipartisan agreement on the importance of establishing prevailing wage requirements for brownfield remediation work.
Contention
Notable points of contention may arise around the potential increase in project costs due to the implementation of prevailing wage requirements, which some stakeholders may argue could deter investment in brownfield redevelopment. Additionally, there may be concerns regarding the administrative burden placed on contractors to comply with these new regulations, particularly for smaller firms. However, proponents argue that these measures are necessary to ensure fair wages and labor practices.
Same As
Relates to prevailing wage requirements applicable to brownfield remediation work performed under private contract as it relates to certain remediation activities, for sites that are seeking or have received a determination that the site is eligible for the tangible property credit component of the brownfield redevelopment tax credit, and the work is paid for in whole or in part by public funds.
Relates to prevailing wage requirements applicable to brownfield remediation work performed under private contract as it relates to certain remediation activities, for sites that are seeking or have received a determination that the site is eligible for the tangible property credit component of the brownfield redevelopment tax credit, and the work is paid for in whole or in part by public funds.
Extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites which contain 40% open space and 25% affordable housing units.
Expands Brownfields Redevelopment Incentive Program to provide tax credits to developers of residential redevelopment projects undertaken on remediated brownfield sites.
Expands the eligibility of the brownfield redevelopment tax credit; reduces the population numbers to make more qualified sites eligible for such tax credit.
Expands the eligibility of the brownfield redevelopment tax credit; reduces the population numbers to make more qualified sites eligible for such tax credit.
Extends the duration of certain brownfield redevelopment and remediation tax credits for 125 Bath Street within the village of Ballston Spa, Saratoga county.