To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs.
1/29/2025, 9:20 AMSummary of Bill HR 815
Bill 119 HR 815, also known as the Environmental Remediation Expensing Act of 2021, aims to amend the Internal Revenue Code of 1986 to extend the expensing of environmental remediation costs. This bill would allow businesses to deduct the costs of cleaning up environmental contamination from their taxes, providing an incentive for companies to invest in cleaning up polluted sites.The bill is designed to encourage businesses to take responsibility for cleaning up environmental hazards and promoting environmental sustainability. By allowing companies to deduct these costs from their taxes, it incentivizes them to invest in remediation efforts, ultimately leading to cleaner and safer environments for communities.
If passed, this bill would have a positive impact on the environment by encouraging businesses to proactively address environmental contamination issues. It would also provide economic benefits by potentially creating jobs in the environmental remediation industry. Overall, Bill 119 HR 815 seeks to promote environmental responsibility among businesses while also providing economic incentives for investing in environmental cleanup efforts.
Current Status of Bill HR 815
Bill HR 815 is currently in the status of Bill Introduced since January 28, 2025. Bill HR 815 was introduced during Congress 119 and was introduced to the House on January 28, 2025. Bill HR 815's most recent activity was Referred to the House Committee on Ways and Means. as of January 28, 2025Bipartisan Support of Bill HR 815
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 815
Primary Policy Focus
Alternate Title(s) of Bill HR 815
To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs.To amend the Internal Revenue Code of 1986 to extend expensing of environmental remediation costs.Comments
Most relevant
Sponsors and Cosponsors of HR 815
Latest Bills
Recognizing the importance of sleep health and expressing support for the designation of the week of March 9 through March 15, 2025, as "Sleep Awareness Week".
Bill HRES 235March 23, 2025
Expressing the sense of the House of Representatives that every person has the basic right to emergency health care, including abortion care.
Bill HRES 238March 23, 2025
Expressing support for the goals of a "NICU Baby's Bill of Rights".
Bill HRES 236March 23, 2025
Expressing support for the designation of "Zoroastrian Legacy and Heritage Month".
Bill HRES 234March 23, 2025
Raising awareness of the racial disparities in the impact of colorectal cancer on the Black community.
Bill HRES 239March 23, 2025
National Strategy for School Security Act of 2025
Bill HR 2259March 23, 2025
Improving Law Enforcement Officer Safety and Wellness Through Data Act of 2025
Bill HR 2240March 23, 2025
Of inquiry requesting the President and directing the Secretary of Education to transmit, respectively, certain documents to the House of Representatives relating to the reduction in force and other downsizing measures at the Department of Education.
Bill HRES 237March 23, 2025
Protect Social Security and Medicare Act
Bill HR 1950March 23, 2025
Delphi Retirees Pension Restoration Act
Bill HR 1895March 23, 2025