,i #aae? ,,congress #b;d ,session ,h4 ,r4 #effi ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #a1 #bjah,ms4 ,velzquez 7= h]self1 ,mr4 ,grijalva1 ,ms4 ,lee1 ,mr4 ,visclosky1 ,ms4 ,b>ragn1 ,mr4 ,gutirrez1 ,ms4 ,bordallo1 ,ms4 ,norton1 ,ms4 ,%ea-,port]1 ,mr4 ,sires1 ,ms4 ,eddie ,b]nice ,johnson ( ,texas1 ,mr4 ,scott ( ,virg9ia1 ,ms4 ,mc,collum1 ,mrs4 ,watson ,coleman1 ,ms4 ,jackson ,lee1 ,mr4 ,mc,govern1 & ,mr4 ,espaillat7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committee on ,small ,bus9ess1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf & ! ,small ,bus9ess ,act to r$uce co/s = c]ta9 bus9esses requir$ to relocate f a ,sup]fund site1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,sup]fund ,enhancem5t ,act ( #bjah4 #b4 ,r5ewal ( ,sup]fund f9anc+ rate 7a7 ,9 g5]al ,section #dfaa ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ subsection 7e74 7b7 ,effective date ,! am5dm5t made by ?is section %all take effect on ,janu>y #a1 #bjah4 #c4 ,d$uction = exp5ses 9 connection ) mov+ f a site li/$ on national priorities li/ 7a7 ,9 g5]al ,"p ,,vi ( sub*apt] ,b ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] section #aih ! foll[+ new section3 #aih;,a4 ,exp5ses 9 connection ) mov+ f a site li/$ on national priorities li/ 7a7 ,9 g5]al ,a qualifi$ small bus9ess may elect to treat z an exp5se :i* is n *>geable to capital acc\nt1 & d$uctible 9 ! ye> 9 :i* paid or incurr$1 s mu* ( ! qualifi$ environm5tal disa/] mov+ exp5ses :i* are paid or incurr$ by ! taxpay] = ! taxable ye> z d n exce$ #aj1jjj4 7b7 ,qualifi$ small bus9ess ,= purposes ( ?is section1 ! t]m qualifi$ small bus9ess means any p]son :i* is a small bus9ess conc]n 7z def9$ "u section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb77 at all times dur+ ! prec$+ taxable ye>4 7c7 ,qualifi$ environm5tal disa/] mov+ exp5se ,= purposes ( ?is section1 ! t]m qualifi$ environm5tal disa/] mov+ exp5se means any exp5diture-- 7#a7 :i* is o!rwise *>geable to capital acc\nt1 & 7#b7 :i* is paid or incurr$ 9 connection ) relocat+ a trade or bus9ess c>ri$ on 9 a location :i* is situat$ on1 or adjac5t to1 a site :i* is on1 or propos$ =1 ! national priorities li/ "u section #aje7;a77#h77;,b7 ( ! ,compreh5sive ,environm5tal ,response1 ,comp5sation1 & ,liability ,act ( #aihj4 7d7 ,special rules ,= purposes ( ?is section-- 7#a7 ,pot5tially responsible p>ties exclud$ ,no am\nt %all be tak5 into acc\nt "u subsection 7a7 by a p]son :o "u section #ajg7;a7 ( ! ,compreh5sive ,environm5tal ,response1 ,comp5sation1 & ,liability ,act ( #aihj is pot5tially liable ) respect to ! site describ$ 9 subsection 7c77#b74 7#b7 ,controll$ gr\ps ,all memb]s ( ! same controll$ gr\p ( corporations 7)9 ! mean+ ( section #eb7;a77 & all p]sons "u common control 7)9 ! mean+ ( section #eb7;b77 %all be treat$ z #a p]son = purposes ( ?is section4 7#c7 ,p>tn]%ips & ,s corporations ,9 ! case ( a p>tn]%ip1 ! #aj1jjj limitation "u subsection 7a7 %all apply ) respect to ! p>tn]%ip & ea* p>tn]4 ,a simil> rule %all apply 9 ! case ( an ,s corporation & its %>ehold]s4 7#d7 ,d5ial ( d\ble b5efit ,9 ! case ( ! am\nt ( ! d$uction det]m9$ "u ?is section-- 7,a7 no d$uction or cr$it %all be all[$ = su* am\nt "u any o!r provision ( ?is *apt]1 & 7,b7 no increase 9 ! adju/$ basis ( any prop]ty %all result f su* am\nt4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = "p ,,vi ( sub*apt] ,b ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #aih ! foll[+ new item3 ,sec4 #aih;,a4 ,exp5ses 9 connection ) mov+ f a site li/$ on national priorities li/4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to am\nts paid or incurr$ 9 taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 #d4 ,disa/] loans to small bus9ess conc]ns = relocation f a ,sup]fund site 7a7 ,e/abli%m5t ,! ,adm9i/rator %all e/abli% & c>ry out a pilot program "u :i* ! ,adm9i/rator %all provide direct loans to an eligible p]son to assi/ su* eligible p]son 9 relocat+ ! pr9cipal place ( bus9ess or prim>y place ( resid5ce ( su* eligible p]son1 if ! pr9cipal place ( bus9ess or prim>y place ( resid5ce is locat$ 9 an area t is designat$ z a ,sup]fund site on a date aft]-- 7#a7 ) respect to an eligible p]son t is a small bus9ess conc]n1 ! e/abli%m5t ( ! pr9cipal place ( bus9ess2 or 7#b7 ) respect to an eligible p]son t is an individual1 ! e/abli%m5t ( a prim>y place ( resid5ce4 7b7 ,loan t]ms ,a loan made "u ! program e/abli%$ "u subsection 7a7 %all-- 7#a7 be subject to ! same limitations z a loan describ$ "u section #g7;b77#h7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#h772 & 7#b7 h a t]m ( #e ye>s4 7c7 ,eligibility = economic injury disa/] loans 7#a7 ,9 g5]al ,! ,adm9i/rator may make a loan pursuant to section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 to assi/ an eligible p]son t is a small bus9ess conc]n t has suff]$ sub/antial economic injury z a result ( ! location ( ! eligible p]son 9 a ,sup]fund site4 7#b7 ,no duplication ( b5efits ,an eligible p]son describ$ 9 p>agraph 7#a7 may receive a loan "u subsection 7a7 & section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b774 7#c7 ,pot5tially responsible p>ties exclud$ ,no loan may be made to a p]son :o "u section #ajg7;a7 ( ! ,compreh5sive ,environm5tal ,response1 ,comp5sation1 & ,liability ,act ( #aihj is pot5tially liable ) respect to ! ,sup]fund site4 7d7 ,def9itions ,9 ?is section3 7#a7 ,eligible p]son ,! t]m eligible p]son means-- 7,a7 a small bus9ess conc]n 7z def9$ "u section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb77 = :i* ! pr9cipal place ( bus9ess ( ! conc]n is requir$ to relocate because su* conc]n is locat$ on or ne> a ,sup]fund site2 or 7,b7 an individual ^: prim>y place ( resid5ce is locat$ on or adjac5t to a ,sup]fund site4 7#b7 ,sub/antial economic injury ,! t]m sub/antial economic injury has ! mean+ giv5 "u section #g7;b77#c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#c774 7#c7 ,sup]fund site ,! t]m ,sup]fund site means a site t is includ$ on ! ,national ,priorities ,li/ develop$ by ! ,presid5t 9 accordance ) section #aje7;a77#h77;,b7 ( ! ,compreh5sive ,environm5tal ,response1 ,comp5sation1 & ,liability ,act ( #aihj 7#db ,u4,s4,c4 #ifje7;a77#h77;,b774 7e7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,adm9i/rator #aj1jjj1jjj = fiscal ye>s #bjai ?r\gh #bjbc4 #e4 ,eligibility = economic injury loans ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$-- 7#a7 9 p>agraph 7#b71 by ins]t+ to any eligible conc]n pursuant to p>agraph 7#af71 or2 & 7#b7 by ins]t+ aft] p>agraph 7#ae7 ! foll[+ new p>agraph3 7#af7 ,economic injury loans = eligible conc]ns 7,a7 ,9 g5]al ,! ,adm9i/rator may make a loan "u p>agraph 7#b7 to an eligible conc]n reg>dless ( :e!r a disa/] has occurr$ 9 ! area 9 :i* ! eligible conc]n is locat$4 7,b7 ,def9itions 7i7 ,eligible conc]n ,! t]m eligible conc]n means a small bus9ess conc]n = :i* ! pr9cipal place ( bus9ess ( ! conc]n is requir$ to relocate because su* conc]n is locat$ on or ne> a ,sup]fund site4 7ii7 ,sup]fund site ,! t]m ,sup]fund site means a site t is includ$ on ! ,national ,priorities ,li/ develop$ by ! ,presid5t 9 accordance ) section #aje7;a77#h77;,b7 ( ! ,compreh5sive ,environm5tal ,response1 ,comp5sation1 & ,liability ,act ( #aihj 7#db ,u4,s4,c4 #ifje7;a77#h77;,b774 4