Tax Relief for Contaminated Land Cleanup Extended
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 environmental improvement.
Key points
Extension of tax relief for environmental remediation costs until the end of 2026.
The change applies to expenditures paid or incurred after December 31, 2022, ensuring continuous support.
Expired
Citizen Poll