S. 2734 · 114th Congress
CLEAN UP Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MurphySponsorNo cosponsors.
Creating Livable Environments And New Usable Property Act or the CLEAN UP Act
What it does: CRS summary · Introduced in Senate · Mar 17, 2016
Creating Livable Environments And New Usable Property Act or the CLEAN UP Act
This bill amends the Internal Revenue Code to extend through 2019: (1) the exclusion of gain or loss on the sale or exchange of brownfield sites (land used for commercial or industrial purposes that has been contaminated with hazardous waste or pollution and has been cleaned up and made suitable for commercial or industrial uses) from unrelated business taxable income, and (2) the election to expense environmental remediation expenditures.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: CLEAN UP Act
Also known as: Creating Livable Environments And New Usable Property Act
Latest action (Mar 17, 2016): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Mar 17, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.