I
110th CONGRESS
1st Session
H. R. 3897
IN THE HOUSE OF REPRESENTATIVES
October 18, 2007
Mr. Donnelly 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 permanently extend the deduction for environmental remediation costs.
Short title
This Act may be cited as the
Brownfields Redevelopment Promotion
Act
.
Expensing of environmental remediation costs made permanent
In general
Section 198 of the Internal Revenue Code of 1986 (relating to expensing of environmental remediation costs) is amended by striking subsection (h).
Effective date
The amendment made by this section shall apply to expenditures paid or incurred after December 31, 2007.