FLORIDA BROWNFIELDS REDEVELOPMENT PROGRAM
LEGISLATIVE UPDATE
May 5, 2023 marked a historic day for the redevelopment of brownfields in the state of
Florida. As a segment of Florida’s tax package (HB 7063), the Florida legislature
authorized a permanent increase in Voluntary Cleanup Tax Credit funding from $10
million annually to $35 million annually. Voluntary Cleanup Tax Credits are Florida’s
primary financial incentive to encourage parties to enter the Florida Brownfields
Redevelopment Program by signing voluntary cleanup agreements for Brownfield Sites.
Brownfields generally refer to properties having difficulty being redeveloped due to
the presence or perception of contamination issues.
If the tax package is signed by the Governor, this increase will take effect as part of
the next state fiscal year beginning on July 1, 2023. HB 7063 was presented to the
Governor on May 23, 2023.
To encourage cleanup and redevelopment of potential brownfield sites, local
governments in Volusia County have designated more than 25 brownfield areas. Per
Florida Department of Environmental Protection records, 17 properties have entered
the Brownfields Program and 8 of those properties have reached regulatory closure.
For more information about this legislation or the Florida Brownfields Redevelopment
Program, please contact Cobb Cole Partner Michael Sznapstajler at 386 323 9222 or
Michael.Sznapstajler@cobbcole.com.
