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A Better Partnership


May 2011
May 16, 2011

State resolves brownfield credit issue

Developers who hold brownfield credits have been uncertain about the future of the credits since Gov. Snyder unveiled a tax overhaul. Under the plan approved by the state Legislature last week, developers will be able to sell the credits to the state for 90 cents on the dollar. John Byl, a partner at Warner Norcross & Judd and chair of the Michigan chapter of the National Brownfield Association, talked this week with Crain's Detroit Business about the new tax structure. Byl calls the sale of brownfield credits a fair resolution.

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