I
119th CONGRESS
1st Session
H. R. 815
IN THE HOUSE OF REPRESENTATIVES
January 28, 2025
Ms. Sherrill (for herself and Mr. Turner of Ohio) 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.
Section 1. Short title
This Act may be cited as the Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025
.
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 31, 2011
and inserting the following:
incurred—
(1)
after December 31, 2011, and before January 1, 2025, or
(2)
after December 31, 2028.
(b) Effective date
The amendment made by subsection (a) shall apply to expenditures paid or incurred after December 31, 2024.