Form IT-611.1 "Claim for Brownfield Redevelopment Tax ... 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by marking the appropriate box for calendar-year filers or entering your tax period dates. This ensures that your claim is processed correctly.
  3. In Section A, indicate whether the Department of Environmental Conservation accepted your site into the Brownfield Cleanup Program during the specified dates. If yes, proceed to complete the form.
  4. Fill out Schedule A with identifying information about your brownfield site, including the date of execution of the Brownfield Cleanup Agreement and details from the Certificate of Completion (COC).
  5. Complete Schedule B by detailing credit components such as site preparation and groundwater remediation costs. Ensure you enter dates and amounts accurately.
  6. For partnerships or S corporations, provide necessary information in Schedule C regarding shares of credits received.
  7. Finally, review all sections for accuracy before submitting your completed form along with any required documentation.

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The Brownfields Tax Incentive first passed as part of the Taxpayer Relief Act of 1997. It allowed taxpayers to deduct remediation expenditures for the cleanup of a property if the property was used for trade, business, or producing income.
Brownfield redevelopment is the process of transforming abandoned, underutilized, or contaminated properties into viable, productive spaces.
BROWNFIELDS VOLUNTARY CLEANUP CREDIT The basic credit amount is equal to 50% of the cleanup expenses paid or accrued or cash contributions for site cleanup conducted during the tax year the tax credit application is submitted, not to exceed $50,000 in a tax year.
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People also ask

Brownfields are defined by the Florida Department of Environmental Protection (FDEP) as abandoned, idled, or underused industrial and commercial facilities where expansion or redevelopment is complicated by real or perceived environmental contamination.
This credit is available to taxpayers that voluntarily rehabilitate brownfield sites or sites contaminated with dry-cleaning solvent. The credit must be approved by the Florida Department of Environmental Protection. The credit is for 50% of rehabilitation costs, up to $500,000 per site per year.
The Brownfields Law provides that specified federally regulated sites e.g., sites subject to ongoing formal judicial or administrative enforcement action or corrective action pursuant to federal authority are eligible to participate in Floridas Brownfield Program if certain requirements are met, including that the
The Qualified Target Industry (QTI) Tax Refund is a tool available to Florida communities to encourage quality job growth in targeted high value-added businesses. If approved, the applicant may receive refunds on the taxes it pays.

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