What This Bill Does · Plain English
Summary · Congress.gov
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025 This bill temporarily reinstates the election to expense environmental remediation costs paid or incurred in connection with the cleanup of certain business property (also known as the brownfields redevelopment tax incentive). (The election to expense allows a taxpayer to deduct such costs in the year incurred rather than treat such costs as capital expenses that are depreciated over a period of time.) The brownfields redevelopment tax incentive allows a taxpayer to elect to expense costs that would otherwise be capitalized and are paid or incurred before 2012 in connection with the abatement or control of a hazardous substance on property (1) used in a trade or business, (2) for the production of income, or (3) held by the taxpayer primarily for sale in the ordinary course of a trade or business. (Some limitations apply.) Under the bill, a taxpayer may elect to expense such environmental remediation costs paid or incurred in 2025-2028.
Action Timeline
2025-01-28
Introduced in House
2025-01-28
Referred to the House Committee on Ways and Means.
2025-01-28
Introduced in House
Frequently Asked Questions
Did HR.815 pass?
HR.815 is still alive. Current stage: COMMITTEE. Pass likelihood: 48%.
What does HR.815 do?
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025 This bill temporarily reinstates the election to expense environmental remediation costs paid or incurred in connection with the cleanup of certain business property (also known as the brownfields redevelopment tax incentive). (The election to expense allows a taxpayer to deduct such costs in the year incurred rather than treat such costs as capital expenses that are depreciated over a period of time.) The brownfields redevelopment tax incentive allows a taxpayer to elect to expense costs that would otherwise be capitalized an…
Who sponsored HR.815?
HR.815 was sponsored by Mikie Sherrill (D-New Jersey).
Full Bill Text
119 HR 815 IH: Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025 U.S. House of Representatives 2025-01-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 815 IN THE HOUSE OF REPRESENTATIVES January 28, 2025 Ms. Sherrill (for herself and Mr. Turner of Ohio ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs. 1. Short title This Act may be cited as the Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025 . 2. Extension of expensing of environmental remediation costs (a) In general Section 198(h) of the Internal Revenue Code of 1986 is amended by striking incurred after December 31, 2011 and inserting the following: incurred— (1) after December 31, 2011, and before January 1, 2025, or (2) after December 31, 2028. . (b) Effective date The amendment made by subsection (a) shall apply to expenditures paid or incurred after December 31, 2024.
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