US Congress Senate Bill 2734 (Prior Session Legislation)

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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]

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.

CLEAN UP Act Creating Livable Environments And New Usable Property Act

Sen. Christopher Murphy [D-CT]

Date	Chamber	Action
2016-03-17	Senate	Read twice and referred to the Committee on Finance.

HB2002 (Related) 2015-04-23 - Referred to the House Committee on Ways and Means.

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