Brownfield Revitalization and Remediation Act

This bill changes a federal tax rule that lets businesses deduct the costs of cleaning up contaminated land in the same year they spend the money, instead of spreading the deduction over time. The bill brings back this deduction for cleanup costs paid from January 1, 2025, through December 31, 2029. It also lets the deduction cover reasonable costs to assess, investigate, and monitor a contaminated site as part of the cleanup. In addition, it allows certain depreciable property costs at brownfield sites to qualify and adds pollutants and contaminants to the list of substances whose cleanup counts.

Full text and official record on Congress.gov

Sponsors

• Michael Lawler Republican sponsor
• 0 cosponsors