[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5579 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 5579

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


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 23, 2018

Ms. Esty of Connecticut (for herself, Mr. King of New York, Mr. Turner, 
 Ms. DeLauro, Mr. Himes, and Mr. Larson of Connecticut) 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 2018''.

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 ``incurred after December 21, 2011'' and 
inserting the following: ``incurred--
            ``(1) after December 31, 2011, and before January 1, 2018, 
        or
            ``(2) after December 31, 2021.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to expenditures paid or incurred after December 31, 2017.
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