H.R. 3080, The America's Brownfield Cleanup Act

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 3080 would amend the Internal Revenue Code of 1986 to provide tax incentives for the remediation of contaminated sites.

Detailed Summary

America's Brownfield Cleanup Act - Amends the Internal Revenue Code to allow a business tax credit for 50% of expenditures for the abatement or control of any hazardous substance, the demolition of any structure, the removal and disposal of property, and the reconstruction of utilities at certain contaminated sites.

Allows a tax exclusion for certain contributions made for the remediation of contaminated sites.

Status of the Legislation

Latest Major Action: 7/18/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

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Points Against

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