HR 4427 · 117th Congress · Taxation

Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021

Introduced 2021-07-13· Sponsored by Rep. Sherrill, Mikie [D-NJ-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-07-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (1)

1 Republican
Rep. Turner, Michael R. [R-OH-10]OH