House Bill 5215
116th Congress(2019-2020)
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2019
Introduced
Introduced in House on Nov 21, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5215
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2019
This bill amends the Internal Revenue Code to extend through 2022 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, 2018.
November 21, 2019
11/21/2019
Referred to the House Committee on Ways and Means.
11/21/2019
Introduced in House
Public Record
Record Updated
Oct 28, 2022 1:46:11 AM