PlainBillCongress, translated.Legislation. Context. Public interest.Committee Hearings Held.
Congressional Research Service
Version 00 · Introduced in House · Jun 8, 1993
Amends the Internal Revenue Code to establish an environmental remediation credit program that allows businesses a credit for 25 percent of the costs incurred for: (1) environmental remediation with respect to any qualified contaminated site; and (2) an approved environmental remediation plan. Requires the Secretary of Housing and Urban Development to designate eligible jurisdictions that may participate in such credit program. Establishes the overall credit limitation and provides for its allocation among eligible cities and States. Allows the issuance of tax-exempt bonds for qualified contaminated site remediation, with limitations.
People & committees
Rep. Reynolds, Mel [D-IL-2] · D–IL
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Committee Hearings Held.
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR H3320)
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Feb 7, 2024. Consult Congress.gov for the current record.
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Analyze H.R.2340 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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