Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section198&num=0&edition=prelim
Timestamp: 2019-11-22 09:48:48
Document Index: 37412260

Matched Legal Cases: ['§ 198', '§198', '§941', '§511', '§1', '§162', '§308', '§109', '§318', '§745', '§109', '§1', '§162', '§532', '§745', '§318', '§109', '§308', '§1', '§162', '§941']

[USC02] 26 USC 198: Expensing of environmental remediation costs
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26 USC 198: Expensing of environmental remediation costs Text contains those laws in effect on November 21, 2019
§198. Expensing of environmental remediation costs
The term "qualified environmental remediation expenditure" means any expenditure-
The term "qualified contaminated site" means any area-
The term "hazardous substance" means-
Solely for purposes of section 1245, in the case of property to which a qualified environmental remediation expenditure would have been capitalized but for this section-
(Added Pub. L. 105–34, title IX, §941(a), Aug. 5, 1997, 111 Stat. 882 ; amended Pub. L. 106–170, title V, §§511, 532(c)(2)(A), Dec. 17, 1999, 113 Stat. 1924 , 1930; Pub. L. 106–554, §1(a)(7) [title I, §162(a), (b)], Dec. 21, 2000, 114 Stat. 2763 , 2763A-625; Pub. L. 108–311, title III, §308(a), Oct. 4, 2004, 118 Stat. 1179 ; Pub. L. 109–432, div. A, title I, §109(a), (b), Dec. 20, 2006, 120 Stat. 2939 ; Pub. L. 110–343, div. C, title III, §318(a), Oct. 3, 2008, 122 Stat. 3873 ; Pub. L. 111–312, title VII, §745(a), Dec. 17, 2010, 124 Stat. 3319 .)
2010-Subsec. (h). Pub. L. 111–312 substituted "December 31, 2011" for "December 31, 2009".
2008-Subsec. (h). Pub. L. 110–343 substituted "December 31, 2009" for "December 31, 2007".
2006-Subsec. (d)(1)(C). Pub. L. 109–432, §109(b), added subpar. (C).
2004-Subsec. (h). Pub. L. 108–311 substituted "2005" for "2003".
2000-Subsec. (c). Pub. L. 106–554, §1(a)(7) [title I, §162(a)], amended subsec. (c) generally. Prior to amendment, subsec. (c) defined the term "qualified contaminated site" to include certain property described in section 1221(a)(1) of this title, within a targeted area, and at which there had been a release or disposal of any hazardous substance, provided that an area could be treated as a qualified contaminated site only if the taxpayer received a certain statement from an appropriate State agency, provided for designation of appropriate State agencies, and defined targeted area.
1999-Subsec. (c)(1)(A)(i). Pub. L. 106–170, §532(c)(2)(A), substituted "section 1221(a)(1)" for "section 1221(1)".
Pub. L. 111–312, title VII, §745(b), Dec. 17, 2010, 124 Stat. 3319 , provided that: "The amendment made by this section [amending this section] shall apply to expenditures paid or incurred after December 31, 2009."
Pub. L. 110–343, div. C, title III, §318(b), Oct. 3, 2008, 122 Stat. 3873 , provided that: "The amendment made by this section [amending this section] shall apply to expenditures paid or incurred after December 31, 2007."
Pub. L. 109–432, div. A, title I, §109(c), Dec. 20, 2006, 120 Stat. 2939 , provided that: "The amendments made by this section [amending this section] shall apply to expenditures paid or incurred after December 31, 2005."
Pub. L. 108–311, title III, §308(b), Oct. 4, 2004, 118 Stat. 1179 , provided that: "The amendment made by subsection (a) [amending this section] shall apply to expenditures paid or incurred after December 31, 2003."
Pub. L. 106–554, §1(a)(7) [title I, §162(c)], Dec. 21, 2000, 114 Stat. 2763 , 2763A-625, provided that: "The amendments made by this section [amending this section] shall apply to expenditures paid or incurred after the date of the enactment of this Act [Dec. 21, 2000]."
Pub. L. 105–34, title IX, §941(c), Aug. 5, 1997, 111 Stat. 885 , provided that: "The amendments made by this section [enacting this section] shall apply to expenditures paid or incurred after the date of the enactment of this Act [Aug. 5, 1997], in taxable years ending after such date."