To amend the Internal Revenue Code of 1986 to exclude PFAS remediation reimbursements from gross income.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the No Taxation on PFAS Remediation Act, creates exclusion of PFAS remediation reimbursements from gross income Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following new section, and creates PFAS remediation reimbursements Gross income shall not include any amounts received by the taxpayer during the taxable year which are attributable to a reimbursement for remediation of contamination by a. It relies on tax rate changes, grants, compliance mandates, and definition changes. The main policy areas are Regulated Industries.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk and Regulated entities and members of the public affected by the bill could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Regulated entities and members of the public affected by the bill would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the No Taxation on PFAS Remediation Act.
- Creates exclusion of PFAS remediation reimbursements from gross income Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following new section...
- Creates PFAS remediation reimbursements Gross income shall not include any amounts received by the taxpayer during the taxable year which are attributable to a reimbursement for remediation of contamination by a...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the No Taxation on PFAS Remediation Act, creates exclusion of PFAS remediation reimbursements from gross income Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following new section, and creates PFAS remediation reimbursements Gross income shall not include any amounts received by the taxpayer during the taxable year which are attributable to a reimbursement for remediation of contamination by a.
Key Policy Areas
Regulated Industries
Primary Purpose
The bill creates short title This Act may be cited as the No Taxation on PFAS Remediation Act, creates exclusion of PFAS remediation reimbursements from gross income Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following new section, and creates PFAS remediation reimbursements Gross income shall not include any amounts received by the taxpayer during the taxable year which are attributable to a reimbursement for remediation of contamination by a.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Regulated entities and members of the public affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Pappas introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
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