Skip to main content
A Better Partnership

News

May 2011
16
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.

NOTICE. Although we would like to hear from you, we cannot represent you until we know that doing so will not create a conflict of interest. Also, we cannot treat unsolicited information as confidential. Accordingly, please do not send us any information about any matter that may involve you until you receive a written statement from us that we represent you.

By clicking the ‘ACCEPT’ button, you agree that we may review any information you transmit to us. You recognize that our review of your information, even if you submitted it in a good faith effort to retain us, and even if you consider it confidential, does not preclude us from representing another client directly adverse to you, even in a matter where that information could and will be used against you.

Please click the ‘ACCEPT’ button if you understand and accept the foregoing statement and wish to proceed.

ACCEPTCANCEL

Text

+ -

Reset