Teresa Booeshaghi VCTC Program Manager Bureau of Waste Cleanup.
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Teresa Booeshaghi Teresa Booeshaghi VCTC Program VCTC Program Manager Manager Bureau of Waste Bureau of Waste Cleanup Cleanup
Transcript of Teresa Booeshaghi VCTC Program Manager Bureau of Waste Cleanup.
Teresa BooeshaghiTeresa BooeshaghiVCTC Program ManagerVCTC Program ManagerBureau of Waste CleanupBureau of Waste Cleanup
Voluntary Cleanup Tax Credit Program Voluntary Cleanup Tax Credit Program Eligibility, Process, and RequirementsEligibility, Process, and Requirements
ChangesChangesCommon Mistakes & Techniques for Common Mistakes & Techniques for ImprovementImprovementStatisticsStatisticsRule UpdateRule Update
Florida Statute 376.30781Florida Statute 376.30781
— Incentive to encourage voluntary cleanup by awarding Incentive to encourage voluntary cleanup by awarding corporate income tax credits to offset site rehabilitation corporate income tax credits to offset site rehabilitation or solid waste removal costsor solid waste removal costs
Tax Credit Type
Site Rehabilitation
Site Rehabilitation
Completion Order (SRCO)
Affordable Housing Health Care
Solid Waste Removal
Maximum Credit for Costs Incurred and
Paid from 07/01/1998 to 06/30/2006
35%$250,000
10% $50,000
N/A N/A N/A
Maximum Credit for Costs Incurred and
Paid after 06/30/2006
50% $500,000
25% $500,000
25%$500,000
N/A50%
$500,000
Maximum Credit for Costs Incurred and
Paid after 12/31/2007
50% $500,000
25% $500,000
25% $500,000
25% $500,000
50% $500,000
Executed Cleanup AgreementExecuted Cleanup AgreementVoluntary Cleanup Agreement (VCA)Voluntary Cleanup Agreement (VCA)
Drycleaning Solvent Cleanup Program (DSCP) sitesDrycleaning Solvent Cleanup Program (DSCP) sitesDrycleaning-solvent contaminated sites where the real Drycleaning-solvent contaminated sites where the real property owner has not owned or operated the property owner has not owned or operated the drycleaning facility drycleaning facility
Brownfield Site Rehabilitation Agreement (BSRA)Brownfield Site Rehabilitation Agreement (BSRA)Solid Waste RemovalSolid Waste Removal
Not operated as a permitted solid waste disposal areaNot operated as a permitted solid waste disposal areaNot operated for monetary compensationNot operated for monetary compensation
““integral to site rehabilitation” integral to site rehabilitation” As required by As required by
Chapter 62-785 F.A.C. - BrownfieldsChapter 62-785 F.A.C. - BrownfieldsChapter 62-782 F.A.C. - DrycleaningChapter 62-782 F.A.C. - Drycleaning
Examples Include:Examples Include:Site Assessment ActivitiesSite Assessment ActivitiesRemedial ActionsRemedial ActionsSolid Waste Removal from eligible Brownfield SitesSolid Waste Removal from eligible Brownfield SitesLegal Assistance (directly related to the voluntary Legal Assistance (directly related to the voluntary cleanup) cleanup)
Submit:Submit:A completed application with a $250 application review feeA completed application with a $250 application review feeSupporting DocumentationSupporting Documentation
Cover pages of BSRA or VCACover pages of BSRA or VCAContractual Records, Payment Requests and Payment Contractual Records, Payment Requests and Payment RecordsRecordsCPA ReportCPA ReportP.E./P.G. CertificationP.E./P.G. CertificationSRCO LetterSRCO LetterAffordable Housing DocumentationAffordable Housing DocumentationHealthcare Facility/Provider DocumentationHealthcare Facility/Provider Documentation
Site Rehabilitation Solid Waste SRCO Affordable
Housing Healthcare
Frequency
Annual Once Once Once Once
Due Date January 31 of the year
following the calendar year for which site rehabilitation
costs are being claimed
After all costs
incurred
Upon issuance of
SRCO
When requirements are satisfied
When requirements are satisfied
VCTCCertificate
2010 Statutory Change2010 Statutory ChangeSite Rehabilitation Applications-Site Rehabilitation Applications-
Site Rehabilitation costs can now be paid up until the Site Rehabilitation costs can now be paid up until the application is submitted, but no later than January 31 application is submitted, but no later than January 31 HOWEVERHOWEVER, site rehabilitation must still be performed , site rehabilitation must still be performed between January 1 and December 31between January 1 and December 31
New and Improved Application FormNew and Improved Application FormApplicants Can Now Choose to Receive Application Applicants Can Now Choose to Receive Application Correspondence via E-mail or MailCorrespondence via E-mail or MailPoint of Contact for the Applicant, and Authorized Point of Contact for the Applicant, and Authorized Agent InformationAgent InformationConsolidated Affidavit SectionConsolidated Affidavit Section
Submittal of an Incomplete ApplicationSubmittal of an Incomplete Application
Submittal of an Incomplete ApplicationSubmittal of an Incomplete ApplicationMissing Information
o Include a Copy of First and Last Pages of BSRA or VCAo CPA Report (for site rehabilitation and solid waste)o All Appropriate Parts of the Application Must Be
CompletedNot Signed, Notarized or SealedLacking Supporting Documentation !!!
o Contractual Recordso Payment Requests o Payment Records
Submittal of an Incomplete ApplicationSubmittal of an Incomplete ApplicationClaiming Ineligible CostsClaiming Ineligible Costs
Claiming Ineligible CostsClaiming Ineligible Costs
Brownfield Area Designation CostsRedevelopment CostsSite Rehabilitation Performed Outside the
Appropriate Time Period
Submittal of an Incomplete ApplicationSubmittal of an Incomplete ApplicationClaiming Ineligible CostsClaiming Ineligible CostsFailure to Prorate Costs When AppropriateFailure to Prorate Costs When Appropriate
Failure to Prorate Costs When AppropriateFailure to Prorate Costs When Appropriate
Don’t Include Redevelopment CostsDon’t Include Costs for the “Extras”
Clear and Detailed RecordsClear and Detailed RecordsContractual RecordsContractual RecordsPayment RequestsPayment RequestsPayment RecordsPayment Records
Make Sure Your Application is CompleteMake Sure Your Application is CompleteInclude the $250 Review Fee (Cashier’s check or Include the $250 Review Fee (Cashier’s check or Money Order)Money Order)Signed and SealedSigned and SealedInclude CPA ReportInclude CPA Report
Keep it OrganizedKeep it Organized
183 Tax Certificates183 Tax CertificatesTotal Awarded $15,523,651.60 Total Awarded $15,523,651.60 Another $7,379,777 Approved But Not Yet Another $7,379,777 Approved But Not Yet Issued Issued
Rule Workshop Held on November 5, 2010Rule Workshop Held on November 5, 2010Notice of Proposed Rule will be Published on Notice of Proposed Rule will be Published on November 23, 2010November 23, 2010Final January 2011??Final January 2011??
Teresa Booeshaghi, VCTC Program ManagerTeresa Booeshaghi, VCTC Program Manager(850) 245-8933(850) [email protected]@dep.state.fl.us
Kim Walker, Brownfield Liaison Kim Walker, Brownfield Liaison (850) 245-8934(850) [email protected]@dep.state.fl.us
Robert DuCasse, DORRobert DuCasse, DOR(850) 922-4715(850) [email protected]@dor.state.fl.us
VCTCVCTChttp://www.dep.state.fl.us/waste/categories/vctc/default.htm
BrownfieldsBrownfieldshttp://www.dep.state.fl.us/waste/categories/brownfields/default.htm
Rule DevelopmentRule Developmenthttp://www.dep.state.fl.us/waste/categories/wc/pages/WCRuleDevelopment.htm
