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H.R. 5579

Brownfields Redevelopment Tax Incentive Reauthorization Act of 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.

Referred to the House Committee on Ways and Means.

Rep. Esty, Elizabeth H. [D-CT-5](D-CT)Sponsor
5 cosponsors3 D2 R
5cosponsors1committees3actions3subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Brownfields Redevelopment Tax Incentive Reauthorization Act of 2018 — Informed