Legis Daily

To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs.

USA115th CongressHR-5579| House 
| Updated: 4/23/2018
Elizabeth H. Esty

Elizabeth H. Esty

Democratic Representative

Connecticut

Cosponsors (5)
Peter T. King (Republican)Rosa L. DeLauro (Democratic)John B. Larson (Democratic)James A. Himes (Democratic)Michael R. Turner (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2018 This bill amends the Internal Revenue Code to extend through 2021 the election to expense (i.e., deduct in the current taxable year) environmental remediation costs (i.e., costs for the abatement or control of hazardous substances at a qualified contaminated site). The bill applies to expenditures paid or incurred after December 31, 2017.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 23, 2018
Introduced in House
Apr 23, 2018
Referred to the House Committee on Ways and Means.
  • April 23, 2018
    Introduced in House


  • April 23, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Business investment and capitalHazardous wastes and toxic substancesIncome tax deductions

To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs.

USA115th CongressHR-5579| House 
| Updated: 4/23/2018
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2018 This bill amends the Internal Revenue Code to extend through 2021 the election to expense (i.e., deduct in the current taxable year) environmental remediation costs (i.e., costs for the abatement or control of hazardous substances at a qualified contaminated site). The bill applies to expenditures paid or incurred after December 31, 2017.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 23, 2018
Introduced in House
Apr 23, 2018
Referred to the House Committee on Ways and Means.
  • April 23, 2018
    Introduced in House


  • April 23, 2018
    Referred to the House Committee on Ways and Means.
Elizabeth H. Esty

Elizabeth H. Esty

Democratic Representative

Connecticut

Cosponsors (5)
Peter T. King (Republican)Rosa L. DeLauro (Democratic)John B. Larson (Democratic)James A. Himes (Democratic)Michael R. Turner (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalHazardous wastes and toxic substancesIncome tax deductions