Section 1 Short title
This Act may be cited as the “Brownfields Redevelopment Tax Incentive Reauthorization Act of 2018”.
Brownfields Redevelopment Tax Incentive Reauthorization Act of 2018
A BILL
To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs.
Sec. 2 Extension of expensing of environmental remediation costs
In general— Section 198(h) of the Internal Revenue Code of 1986 is amended by striking “incurred after December 21, 2011” and inserting the following:
“(1) after December 31, 2011, and before January 1, 2018, or
“(2) after December 31, 2021.”
Effective date— The amendment made by subsection (a) shall apply to expenditures paid or incurred after December 31, 2017.