[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3897 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3897

 To amend the Internal Revenue Code of 1986 to permanently extend the 
             deduction for environmental remediation costs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 18, 2007

 Mr. Donnelly 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 permanently extend the 
             deduction for 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 Promotion 
Act''.

SEC. 2. EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS MADE PERMANENT.

    (a) In General.--Section 198 of the Internal Revenue Code of 1986 
(relating to expensing of environmental remediation costs) is amended 
by striking subsection (h).
    (b) Effective Date.--The amendment made by this section shall apply 
to expenditures paid or incurred after December 31, 2007.
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