To amend the Internal Revenue Code of 1986 to make the expensing of environmental remediation costs permanent law and to repeal the recapture of such expenses under section 1245 of such Code.

3.0.0 3984 2023-01-11T20:22:51Z 2023-01-11T20:22:51Z House H HR 2007-10-29 110 hswm00 Ways and Means Committee House Standing Referred to 2007-10-29T16:30:45Z To amend the Internal Revenue Code of 1986 to make the expensing of environmental remediation costs permanent law and to repeal the recapture of such expenses under section 1245 of such Code. 110 1753 HR 2007-03-30 Sponsor introductory remarks on measure. (CR E723) Related bill CRS Brownfields Redevelopment Promotion Act 110 3897 HR 2007-10-18 Referred to the House Committee on Ways and Means. Related bill CRS 2007-10-29 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-10-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-10-29 Introduced in House IntroReferral 1000 9 Library of Congress A000362 Rep. Altmire, Jason [D-PA-4] Jason Altmire D PA 4 N Taxation Brownfields Environmental Protection Hazardous wastes Income tax Law Liability for environmental damages Tax deductions Taxation

00 2007-10-29 Introduced in House 2007-11-29T22:13:29Z Brownfield Redevelopment Tax Incentive Act of 2007 - Amends the Internal Revenue Code to make permanent the taxpayer election to expense (deduct in the current taxable year) expenditures made for environmental remediation (i.e., abatement or control of hazardous substances at contaminated sites).

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Brownfield Redevelopment Tax Incentive Act of 2007 Official Title as Introduced To amend the Internal Revenue Code of 1986 to make permanent the expensing of certain environmental remediation costs. Introduced in House IH Display Title Brownfield Redevelopment Tax Incentive Act of 2007 Short Titles as Introduced Brownfield Redevelopment Tax Incentive Act of 2007 Introduced in House 2007-10-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3984ih/xml/BILLS-110hr3984ih.xml 2007-10-29 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.