qualified environmental remediation expenditure
Defined in 1 place of the United States Code.
The term “qualified environmental remediation expenditure” means any expenditure—
(A) which is otherwise chargeable to capital account, and
(B) which is paid or incurred in connection with the abatement or control of hazardous substances at a qualified contaminated site.
Source
- 1997–present26 U.S.C. § 198Internal Revenue Code · Expensing of environmental remediation costs · for purposes of this section