HR 997 · 105th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow expensing and rapid amortization of certain environmental remediation expenditures.

Introduced 1997-03-06· Sponsored by Rep. Weller, Jerry [R-IL-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1997-03-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit the expensing (of up to $500,000) and amortization (of the remaining amount over a 60-month period) of qualified environmental remediation expenses.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (16)

9 Democrats7 Republicans
Rep. Lipinski, William O. [D-IL-3]IL
Rep. Crane, Philip M. [R-IL-8]IL
Rep. Rush, Bobby L. [D-IL-1]IL
Rep. Fawell, Harris W. [R-IL-13]IL
Rep. Jackson, Jesse L., Jr. [D-IL-2]IL
Rep. Manzullo, Donald A. [R-IL-16]IL
Rep. Gutierrez, Luis V. [D-IL-4]IL
Rep. English, Phil [R-PA-21]PA
Rep. Blagojevich, Rod R. [D-IL-5]IL
Rep. Shays, Christopher [R-CT-4]CT
Rep. Davis, Danny K. [D-IL-7]IL
Rep. Costello, Jerry F. [D-IL-12]IL
Rep. Evans, Lane [D-IL-17]IL
Rep. Hastert, J. Dennis [R-IL-14]IL
Rep. Kennedy, Patrick J. [D-RI-1]RI
Rep. Kolbe, Jim [R-AZ-5]AZ