### Question
How does the law define qualified environmental remediation expenditure?


### Answer
Under *26 U.S.C. § 198*, **qualified environmental remediation expenditure** is defined as:

> 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**

