[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4542 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4542

   To amend the Internal Revenue Code of 1986 to extend expensing of 
                    environmental remediation costs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 1, 2014

    Ms. Esty (for herself, Mr. Bishop of New York, and Mr. Gibson) 
 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 2014''.

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 ``December 31, 2011'' and inserting 
``December 31, 2018''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to expenditures paid or incurred after December 31, 2011.
                                 <all>