Brownfields Redevelopment Tax Incentive Reauthorization Act of 2025

HR 815 extends a tax incentive allowing businesses to deduct costs for cleaning up contaminated "brownfield" properties (like old factories or gas stations) from their taxes. It directly affects developers and property owners who remediate these sites, reducing their tax burden for cleanup work. The bill updates the tax code to let these deductions apply to costs paid or incurred between 2012-2024 and again after 2028, with the new period starting January 1, 2025. This provides continued financial support for redeveloping underutilized, polluted land.