HOUSE 4427117th CongressReferred to the House Committee on Ways and Means.
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021
- Last Action
- 7/13/2021
CRS Summary
As of 2021-07-13 (00)
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021
This bill extends through 2024 the election to expense (i.e., deduct in the current taxable year) environmental remediation costs (i.e., costs for the abatement or control of hazardous substances at a qualified contaminated site). The bill applies to expenditures paid or incurred after December 31, 2020.
Subjects
- Business investment and capital
- Hazardous wastes and toxic substances
- Income tax deductions
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