US SB2734 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 17 2016 - 25% progression, died in committee
Action: 2016-03-17 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 17 2016 - 25% progression, died in committee
Action: 2016-03-17 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
CLEAN UP Act Creating Livable Environments And New Usable Property Act This bill amends the Internal Revenue Code to extend through 2019: (1) the exclusion of gain or loss on the sale or exchange of brownfield sites (land used for commercial or industrial purposes that has been contaminated with hazardous waste or pollution and has been cleaned up and made suitable for commercial or industrial uses) from unrelated business taxable income, and (2) the election to expense environmental remediation expenditures.
Title
CLEAN UP Act Creating Livable Environments And New Usable Property Act
Sponsors
Sen. Christopher Murphy [D-CT] |
History
Date | Chamber | Action |
---|---|---|
2016-03-17 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2002 (Related) 2015-04-23 - Referred to the House Committee on Ways and Means.
Subjects
Business investment and capital
Hazardous wastes and toxic substances
Income tax deductions
Income tax exclusion
Tax-exempt organizations
Taxation
Hazardous wastes and toxic substances
Income tax deductions
Income tax exclusion
Tax-exempt organizations
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/2734/all-info |
Text | https://www.congress.gov/114/bills/s2734/BILLS-114s2734is.pdf |