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

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.

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Timeline

1. 21 June 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 21 June 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S6616)

   Source: IntroReferral

3. 21 June 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 21 June 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 June 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 June 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 21 June 2001

  Open at official source

Sponsors

• Rep. Torricelli, Robert G. [D-NJ-9] · D · Sponsor
• Sen. Dayton, Mark [D-MN] · D · Sponsor
• Sen. Miller, Zell [D-GA] · D · Cosponsor
• Patty Murray · D · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.