Brownfields Redevelopment Tax Incentive Reauthorization Act of 2023

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 6438 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 6438 To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES November 15, 2023 Ms. Sherrill (for herself and Mr. Turner) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Brownfields Redevelopment Tax Incentive Reauthorization Act of 2023''. SEC. 2. EXTENSION OF EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS. (a) In General.--Section 198(h) of the Internal Revenue Code of 1986 is amended by striking ``incurred after December 31, 2011'' and inserting the following: ``incurred-- ``(1) after December 31, 2011…