HR 2340
103th Congress
House
Taxation
Asbestos
Building materials
Environmental Protection
Formaldehyde
Hazardous waste disposal
Income tax
Industrial pollution
Oil pollution
Polychlorinated biphenyls
Refuse and refuse disposal
Tax credits
Tax deductions
Tax-exempt securities
To amend the Internal Revenue Code of 1986 to allow a credit for the cleanup of certain contaminated industrial sites.
Introduced: June 8, 1993
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 13, 1993
Committee Hearings Held.
Jun 8, 1993
Referred to the House Committee on Ways and Means.
Jun 8, 1993
Sponsor introductory remarks on measure. (CR H3320)
Jun 8, 1993
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to establish an environmental remediation credit program that allows businesses a credit for 25 percent of the costs incurred for: (1) environmental remediation with respect to any qualified contaminated site; and (2) an approved environmental remediation plan.
Requires the Secretary of Housing and Urban Development to designate eligible jurisdictions that may participate in such credit program. Establishes the overall credit limitation and provides for its allocation among eligible cities and States.
Allows the issuance of tax-exempt bonds for qualified contaminated site remediation, with limitations.
What's happening now
Committee Hearings Held.
Committees of jurisdiction
1
Cosponsors
1