H.R.4480 - America's Brownfield Cleanup Act109th Congress (2005-2006)
|Sponsor:||Rep. Turner, Michael R. [R-OH-3] (Introduced 12/08/2005)|
|Committees:||House - Ways and Means|
|Latest Action:||12/08/2005 Referred to the House Committee on Ways and Means.|
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Summary: H.R.4480 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (12/08/2005)
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.