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119-hr-815119th CongressWALLET

Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025

Sponsored By: Representative Sherrill, Mikie [D-NJ-11]

Introduced

Summary

Reauthorizes expensing of environmental remediation costs. This bill would change Internal Revenue Code section 198(h) so qualified brownfield cleanup costs can be deducted sooner during two incurrence windows: costs incurred after Dec 31, 2011 and before Jan 1, 2025, and costs incurred after Dec 31, 2028. The amendment applies to expenditures paid or incurred after Dec 31, 2024.

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  • Developers and businesses: Would let projects elect immediate expensing for eligible cleanup costs, improving cash flow when planning brownfield redevelopments.
  • Local governments and communities: Could make contaminated sites more attractive to redevelopers and speed site reuse and local investment.
  • Tax filers and preparers: Changes the timing rules in IRC §198(h) and sets a clear post-2024 effective date for expenditures paid or incurred after Dec 31, 2024.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Tax break for brownfields cleanup

This bill would let developers, property owners, and businesses deduct brownfields cleanup costs as expenses in the year paid or incurred. Costs would qualify if incurred after Dec 31, 2011 and before Jan 1, 2025, or if incurred after Dec 31, 2028. The amendment would apply to expenditures paid or incurred after Dec 31, 2024. If enacted, this could lower taxable income in the year cleanup costs are claimed.

Sponsors & CoSponsors

Sponsor

Sherrill, Mikie [D-NJ-11]

NJ • D

Cosponsors

  • Rep. Turner, Michael R. [R-OH-10]

    OH • R

    Sponsored 1/28/2025

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 8/19/2025

  • Rep. Hayes, Jahana [D-CT-5]

    CT • D

    Sponsored 9/8/2025

Roll Call Votes

No roll call votes available for this bill.

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