S 2734
114th Congress
Senate
Taxation
Business investment and capital
Hazardous wastes and toxic substances
Income tax deductions
Income tax exclusion
Tax-exempt organizations
CLEAN UP Act
Introduced: March 17, 2016
Introduced by:
Murphy, Christopher
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2016
Read twice and referred to the Committee on Finance.
Mar 17, 2016
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1