,,ii  #aaeth ,,congress  #b;d ,session  
,s4 #beid  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #bb1    
#bjah,mr4 ,murphy introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to extend the   
exclusion of gain or loss from the sale 
or exchange of certain brownfield sites 
from unrelated business taxable income1 
and to extend expensing of environmental
 remediation costs4  #a4 ,short title   
,this ,act may be cited as the ,creating
 ,livable ,environments ,and ,new       
,usable ,property ,act or the ,,clean   
,,up ,act4  #b4 ,extension of exclusion 
of gain or loss on sale or exchange of  
certain brownfield sites from unrelated 
business taxable income  7a7 ,in general
 ,section #eab7;b77#ai77,k7 of the      
,internal ,revenue ,code of #aihf is    
amended by striking ,december #ca1 #bjji
 and inserting ,december #ca1 #bjai4    
7b7 ,effective date ,the amendment made 

by this section shall apply to any gain 
or loss on the sale1 exchange1 or other 
disposition of any property acquired by 
the taxpayer after ,december #ca1 #bjag4
  #c4 ,extension of expensing of        
environmental remediation costs  7a7 ,in
 general ,section #aih7;h7 of the       
,internal ,revenue ,code of #aihf is    
amended by striking ,december #ca1 #bjaa
 and inserting ,december #ca1 #bjai4    
7b7 ,effective date ,the amendment made 
by subsection 7a7 shall apply to        
expenditures paid or incurred after     
,december #ca1 #bjag4