H.R. 5579 — Introduced in House

I 115th CONGRESS 2d Session H. R. 5579 IN THE HOUSE OF REPRESENTATIVES April 23, 2018 Ms. Esty of Connecticut (for herself, Mr. King of New York, Mr. Turner, Ms. DeLauro, Mr. Himes, and Mr. Larson of Connecticut) 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 extend expensing of environmental remediation costs. 1. Short title This Act may be cited as the Brownfields Redevelopment Tax Incentive Reauthorization Act of 2018. 2. Extension of expensing of environmental remediation costs (a) In general Section 198(h) of the Internal Revenue Code of 1986 is amended by striking incurred after December 21, 2011 and inserting the following: incurred— (1) after December 31, 2011, and before January 1, 2018, or (2) after December 31, 2021. . (b) Effective date The amendment made by subsection (a) shall apply to expenditures paid or incurred after December 31, 2017.