HR 5579 · 115th Congress · Taxation

Brownfields Redevelopment Tax Incentive Reauthorization Act of 2018

Introduced 2018-04-23· Sponsored by Rep. Esty, Elizabeth H. [D-CT-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2018-04-23)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (5)

3 Democrats2 Republicans