[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2615 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 2615

To amend the Internal Revenue Code of 1986 to exclude PFAS remediation 
                   reimbursements from gross income.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 13, 2023

  Mr. Pappas introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to exclude PFAS remediation 
                   reimbursements from gross income.

    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 ``No Taxation on PFAS Remediation 
Act''.

SEC. 2. EXCLUSION OF PFAS REMEDIATION REIMBURSEMENTS FROM GROSS INCOME.

    (a) In General.--Part III of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 is amended by inserting after section 
139I the following new section:

``SEC. 139J. PFAS REMEDIATION REIMBURSEMENTS.

    ``Gross income shall not include any amounts received by the 
taxpayer during the taxable year which are attributable to a 
reimbursement for remediation of contamination by a perfluoroalkyl or 
polyfluoroalkyl substance.''.
    (b) Clerical Amendment.--The table of sections for such part III is 
amended by inserting after the item relating to section 139I the 
following new item:

``Sec. 139J. PFAS remediation reimbursements.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to reimbursements made in taxable years beginning after December 
31, 2021.
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