3.0.0 2594 2023-01-11T13:39:57Z 2023-01-11T13:39:57Z Senate S 2018-03-22 115 ssfi00 Finance Committee Senate Standing Referred to 2018-03-22T16:47:51Z 2018-03-22 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-03-22 Introduced in Senate IntroReferral 10000 9 Library of Congress M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. N Taxation Business investment and capital Hazardous wastes and toxic substances Income tax deductions Income tax exclusion Tax-exempt organizations Taxation 00 2018-03-22 Introduced in Senate 2018-04-03T18:05:10Z Creating Livable Environments And New Usable Property Act or the CLEAN UP Act

This bill amends the Internal Revenue Code to extend through 2019: (1) the exclusion of gain or loss on the sale or exchange of brownfield sites (land used for commercial or industrial purposes that has been contaminated with hazardous waste or pollution and has been cleaned up and made suitable for commercial or industrial uses) from unrelated business taxable income, and (2) the election to expense environmental remediation expenditures.

]]> CLEAN UP Act Display Title CLEAN UP Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to extend the exclusion of gain or loss from the sale or exchange of certain brownfield sites from unrelated business taxable income, and to extend expensing of environmental remediation costs. Introduced in Senate IS Short Titles as Introduced CLEAN UP Act Short Titles as Introduced Creating Livable Environments And New Usable Property Act Introduced in Senate 2018-03-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2594is/xml/BILLS-115s2594is.xml 2018-03-22 Read twice and referred to the Committee on Finance. 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.