CT SB00082

Establishes a "7/7" tax incentive program for blighted properties abandoned or underutilized for at least 10 years, verified by the municipality

Provides 100% exemption from corporate income, sales, use, and corporation business taxes for 7 years for developers or businesses on contaminated and noncontaminated properties

Offers 60% exemption of remediation costs distributed over 7 years following the initial 7-year exemption period for contaminated properties

Requires licensed environmental professionals to certify brownfield status before development and remediation completion afterward, with certifications submitted to Department of Revenue Services and recorded in municipal land records

Limits tax benefits to companies that submit workforce needs to area high schools and community-technical colleges and commit to hiring 30% of their workforce from participating students

Deems applications for the existing brownfield remediation tax credit program automatically approved if not acted upon within 90 days of submission