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United States · Bill · HR

H.R. 2815 (108th)

To amend the Internal Revenue Code of 1986 to expand the expensing of environmental remediation costs.

referredUnited States· United States Congress· EN

Introduced

22 July 2003

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends the Internal Revenue Code to: (1) make permanent provisions allowing the expensing of environmental remediation costs; (2) revise the definition of "qualified contaminated site" to include toxic as well as hazardous substances; (3) include within the definition of "hazardous or toxic substances" extremely hazardous substances, as defined by Federal law, and petroleum contaminants; and (4) eliminate the recapture of the expensing deduction upon the sale of environmental remediation property.

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Documents

3 official files

Introduced in House (text)

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Sources

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