Bill Summary for S 387 (2025-2026)
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Summary date:
Jun 24 2025
Bill Information:
| View NCGA Bill Details | 2025-2026 Session |
AN ACT TO AMEND THE BROWNFIELDS PROPERTY REUSE ACT AND THE BROWNFIELDS PROPERTY TAX BENEFIT.Intro. by McInnis, Moffitt, Jarvis.
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Bill summary
House amendment to the 3rd edition makes the following changes.
Amends GS 105-277.13's definition of qualifying improvements on brownfields property, as follows. Removes language providing that subsequent qualifying improvements also means improvements made to real property subject to a brownfields agreement entered into by the Department of Environmental Quality and the owner. Reverts to the 2nd edition's provisions that the term means improvements made to real property after the Department of Environmental Quality provides written confirmation that the property is eligible for a brownfields agreement. Further requires that the real property is or becomes subject to a brownfields agreement as required under the statute.
