HR 815 · 119th CongressIn Committeecongress.gov ↗
Road to The Floor
How it worksIntroduced
In Committee
On The Floor
Passed a Chamber
Passed Congress
To President
Became Law
What this bill does
AI plain-language summaryThis bill brings back a tax rule that lets businesses immediately deduct the full cost of cleaning up contaminated property instead of spreading those deduction costs over many years. The cleanup must involve removing hazardous substances from business property, income-producing property, or property held for sale. Under this bill, businesses can use this tax treatment for cleanup costs paid between 2025 and 2028.
Sponsor
Rep. Sherrill, Mikie [D-NJ-11]
D
Introduced
January 28, 2025
Policy Area
Taxation
Your Vote
Discussion (0)
Explain what is at stake in this bill.
Sign in to join the discussion.
No comments yet. Be the first.