To amend the Internal Revenue Code of 1986 to expand the expensing of environmental remediation costs.
Last action on Jun 21, 2001Referred to the House Committee on Ways and Means.
Take Action
Summary
Amends the Internal Revenue Code with respect to environmental remediation cost expensing to: (1) make such provision permanent; (2) include toxic substances within the definition of "hazardous substance"; (3) include toxic substances or structures containing hazardous or toxic substances within the definition of "qualified contaminated site"; and (4) eliminate a related recapture provision.
Lifecycle of the Bill
No events recorded for this stage yet.
