HR 815 · 119th CongressIn Committeecongress.gov ↗

Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025

What this bill does

AI plain-language summary

This 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

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