SB1235 — Taxes, Exemption and Credits - As introduced, expands the tax credit allowed for the purchase of brownfield property to include real property that was previously the subject of an investigation or remediation as a brownfield project under a voluntary agreement or consent order; revises other provisions related to the tax credit. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

SB1235 — Taxes, Exemption and Credits - As introduced, expands the tax credit allowed for the purchase of brownfield property to include real property that was previously the subject of an investigation or remediation as a brownfield project under a voluntary agreement or consent order; revises other provisions related to the tax credit. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21. · Informed CitizenrySB1235 amends Tennessee Code regarding tax credits for brownfield property. The bill changes the tax credit from 50% of the purchase price to 25% of the total project property cost. It defines 'bro…Open in Informed Citizenry