The No Taxation on PFAS Remediation Act allows people to receive reimbursements for cleaning up PFAS contamination without having to pay taxes on that money. This helps individuals financially when dealing with environmental cleanup costs.
If you get paid to clean up PFAS pollution, you won't owe taxes on that money.
Who this affects
Individuals receiving reimbursements
What changes is this bill making?
1This bill excludes certain cleanup reimbursements from taxable income.
2It specifically targets payments for cleaning up harmful PFAS substances.
3Individuals receiving these reimbursements will not have to pay taxes on them.
4The changes apply to reimbursements received after December 31, 2020.
5It allows for refunds or credits for taxes paid on these reimbursements within a year.
