Expressing the sense of the House of Representatives that immigration enforcement operations must be transparent, accountable, and consistent with constitutional protections for all persons within the United States.
- Last Action
- 10/17/2025
Actions
- 2025-01-28Referred to the House Committee on Ways and Means.
- 2025-01-28Introduced in House
- 2025-01-28Introduced in House
CRS Summary
As of 2025-01-28 (00)
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025
This bill temporarily reinstates the election to expense environmental remediation costs paid or incurred in connection with the cleanup of certain business property (also known as the brownfields redevelopment tax incentive). (The election to expense allows a taxpayer to deduct such costs in the year incurred rather than treat such costs as capital expenses that are depreciated over a period of time.)
The brownfields redevelopment tax incentive allows a taxpayer to elect to expense costs that would otherwise be capitalized and are paid or incurred before 2012 in connection with the abatement or control of a hazardous substance on property (1) used in a trade or business, (2) for the production of income, or (3) held by the taxpayer primarily for sale in the ordinary course of a trade or business. (Some limitations apply.)
Under the bill, a taxpayer may elect to expense such environmental remediation costs paid or incurred in 2025-2028.
Cosponsors (3)
- Michael Turner (R-OH)
- Brian Fitzpatrick (R-PA)
- Jahana Hayes (D-CT)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.