### Question
What is the definition of qualified environmental remediation expenditure?


### Answer
The definition of **qualified environmental remediation expenditure** is as follows in *26 U.S.C. § 198*:

> 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

#### Citation:
  - *26 U.S.C. § 198*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

