HR 5579
115th Congress
House
Taxation
Business investment and capital
Hazardous wastes and toxic substances
Income tax deductions
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2018
Introduced: April 23, 2018
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 23, 2018
Referred to the House Committee on Ways and Means.
Apr 23, 2018
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1