Brownfields Property Reuse Act Revisions.

Section 3 was updated to specify that Section 1 becomes effective for taxes imposed for taxable years beginning on or after July 1, 2025, with the remainder of the act effective when it becomes law.

Added ratification signatures from the President of the Senate, Speaker of the House, and Governor, along with formal approval language, converting the bill from an engrossed version to a ratified bill.

Removed committee substitute metadata (dates, committee names, edition numbers) and standardized formatting to match official ratified bill conventions.

Corrected minor formatting inconsistencies in the text, including spacing around section headers and line breaks within the statutory text.

Page and section numbering was adjusted throughout the document to reflect the Fourth Edition status, with line numbers and section headers reorganized.

The bill title and session information were updated to show 'Fourth Edition Engrossed 6/24/25' instead of previous edition markers.

Minor formatting adjustments were made to spacing and indentation in the text, particularly around section headers and statutory language.

New text was inserted in the definition section regarding written confirmation of brownfields agreement eligibility, though this appears to be part of the renumbering process rather than a substantive policy addition.

Added a new section establishing fees that developers must pay, including a $2,000 initial application fee and ongoing fees covering the full cost of Department activities related to brownfields agreements.

Added provisions allowing the Department to collect unpaid fees through liens and giving the Department authority to recover unanticipated costs associated with monitoring and enforcement.

Reorganized and expanded the definition section to include additional terms like 'subsequent qualifying improvements' and clarified the language around qualifying improvements.

Added requirements for owners who are out of compliance with brownfields notice requirements to pay fees equal to documented enforcement costs.

Minor formatting changes including page number updates and reorganization of statutory sections from Section 1 and 2 to Section 1, 2, and 3.

All provisions related to collecting fees from prospective developers for brownfields agreements were deleted, including initial fees, installment schedules, and enforcement lien procedures.

The effective date for the tax benefit provisions was moved from Section 2 to Section 1, and the language was updated to clarify that the tax exclusion applies to taxable years beginning on or after July 1, 2025.

Several text corrections and formatting changes were made throughout the bill, including clarifying references to the brownfields agreement date and removing redundant language about the Department of Justice.

Added official session information (Session 2025), bill number (S.B. 387), and bill version identifier (S387-v-1)

Added referral information showing the bill was referred to Rules and Operations of the Senate on March 25, 2025

Removed draft document identifiers (DRS45228-MHxf-73) and the 'FILED SENATE' header

Updated page reference from draft identifier to official bill designation (Senate Bill 387-First Edition)