Extension of Tax Incentives for Brownfields Environmental Cleanup
This act extends the tax deduction for costs related to cleaning up contaminated sites, known as 'brownfields'. This means that businesses and individuals incurring such expenses can continue to benefit from tax relief, potentially encouraging the revitalization of neglected areas and improving the environment in local communities.
Key points
Tax incentive extended: The ability to deduct environmental remediation costs for brownfields is prolonged.
Environmental and development benefits: Encourages investment in cleaning up contaminated sites, potentially leading to job creation and improved quality of life in neighborhoods.
Expired
Citizen Poll