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Proposal:Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.
Bill HR 4427
Type of Legislation House Bill
Congress 117
Status Archived — 117th Congress concluded
Source View original on Congress.gov
Geographic Scope
National

Description

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.

Bill Title

Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021

Linked Goals

Steps

  • 2021-07-13: Referred to the House Committee on Ways and Means.
  • 2021-07-13: Introduced in House
  • 2021-07-13: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.

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