To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs.
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2015
Amends the Internal Revenue Code to extend through 2019 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). Makes this Act applicable to expenditures paid or incurred after December 31, 2011.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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