A bill to amend the Internal Revenue Code of 1986 to extend the exclusion of gain or loss from the sale or exchange of certain brownfield sites from unrelated business taxable income, and to extend expensing of environmental remediation costs.

USA115^th CongressS-2594| Senate

| Updated: 3/22/2018

Creating Livable Environments And New Usable Property Act or the CLEAN UP Act This bill amends the Internal Revenue Code to extend through 2019: (1) the exclusion of gain or loss on the sale or exchange of brownfield sites (land used for commercial or industrial purposes that has been contaminated with hazardous waste or pollution and has been cleaned up and made suitable for commercial or industrial uses) from unrelated business taxable income, and (2) the election to expense environmental remediation expenditures.

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Taxation

Business investment and capitalHazardous wastes and toxic substancesIncome tax deductionsIncome tax exclusionTax-exempt organizations

A bill to amend the Internal Revenue Code of 1986 to extend the exclusion of gain or loss from the sale or exchange of certain brownfield sites from unrelated business taxable income, and to extend expensing of environmental remediation costs.

USA115^th CongressS-2594| Senate

| Updated: 3/22/2018

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Christopher Murphy

Democratic Senator

Connecticut

Finance Committee

Taxation

Introduced
In Committee
On Floor
Passed Chamber
Enacted

Business investment and capitalHazardous wastes and toxic substancesIncome tax deductionsIncome tax exclusionTax-exempt organizations

A bill to amend the Internal Revenue Code of 1986 to extend the exclusion of gain or loss from the sale or exchange of certain brownfield sites from unrelated business taxable income, and to extend expensing of environmental remediation costs.

Suggested Questions

Taxation

A bill to amend the Internal Revenue Code of 1986 to extend the exclusion of gain or loss from the sale or exchange of certain brownfield sites from unrelated business taxable income, and to extend expensing of environmental remediation costs.

Suggested Questions

Christopher Murphy

Finance Committee

Taxation

A bill to amend the Internal Revenue Code of 1986 to extend the exclusion of gain or loss from the sale or exchange of certain brownfield sites from unrelated business taxable income, and to extend expensing of environmental remediation costs.

Suggested Questions

Taxation

A bill to amend the Internal Revenue Code of 1986 to extend the exclusion of gain or loss from the sale or exchange of certain brownfield sites from unrelated business taxable income, and to extend expensing of environmental remediation costs.

Suggested Questions

Christopher Murphy

Finance Committee

Taxation