United States · Bill · S
S. 398 (109th)
A bill to amend the Internal Revenue Code of 1986 to expand the expensing of environmental remediation costs.
Introduced
16 February 2005
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
14 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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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 16 February 2005
Introduced in Senate (PDF)
Introduced in Senate · EN · 16 February 2005
Introduced in Senate
summary · EN · 16 February 2005
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/109th-congress/senate-bill/398
- Open data entity: https://api.congress.gov/v3/bill/109/s/398