The organization's view is that, absent reform of currentSuperfund law that would accelerate the cleanup of brownfields andenhance the land reclamation process, the legislation is necessaryto promote the transformation of contaminated urban sites intouseable, economically self-sufficient properties. The new lawallows owners of brownfields sites to expense their clean-up costs,as opposed to capitalizing them, until Jan. 1, 2004. This taxdeduction will release $489 million in investment capital to beused on remediation efforts.

The provision also expands criteria for an eligible site toinclude any contaminated or potentially contaminated site that hasbeen certified by a state environmental agency. This does notinclude sites designated as national priorities that are alreadypart of the Superfund program and therefore targeted for federalcleanup.

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