[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3984 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3984

   To amend the Internal Revenue Code of 1986 to make permanent the 
         expensing of certain environmental remediation costs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 29, 2007

 Mr. Altmire 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 make permanent the 
         expensing of certain 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 ``The Brownfield Redevelopment Tax 
Incentive Act of 2007''.

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

    (a) In General.--Section 198 of the Internal Revenue Code of 1986 
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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