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H.R. 4427

Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021

Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021

This bill extends through 2024 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, 2020.

Referred to the House Committee on Ways and Means.

Rep. Sherrill, Mikie [D-NJ-11](D-NJ)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions3subjects
  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 2021 — Informed