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Referenced Laws
Section 198(h)
Section 1
1. Short title This Act may be cited as the Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025.
Section 2
2. Extension of expensing of environmental remediation costs Section 198(h) of the Internal Revenue Code of 1986 is amended by striking incurred after December 31, 2011 and inserting the following: incurred— after December 31, 2011, and before January 1, 2025, or after December 31, 2028. The amendment made by subsection (a) shall apply to expenditures paid or incurred after December 31, 2024. incurred—(1)after December 31, 2011, and before January 1, 2025, or(2)after December 31, 2028..